New Delhi, 20 December (H.S.): The Enforcement Directorate (ED) on Saturday questioned Jai Anmol Ambani, elder son of industrialist Anil Ambani, for the second consecutive day in connection with a money laundering case linked to alleged bank loan fraud.

According to official sources, the 34-year-old Anmol Ambani’s statement was recorded for the first time on Friday under provisions of the Prevention of Money Laundering Act (PMLA), 2002, and the questioning continued on Saturday as part of the ongoing investigation.So far, the Reliance Anil Dhirubhai Ambani Group (ADAG) has not issued any official response regarding the development.

Sources further revealed that the inquiry pertains to transactions involving Yes Bank, which had invested approximately ₹6,000 crore in various ADAG companies as of March 31, 2017—a figure that reportedly rose to around ₹13,000 crore within a year. The companies under scrutiny include Reliance Home Finance Limited and Reliance Commercial Finance Limited.

It is noteworthy that the ED had earlier questioned Anil Ambani himself in connection with the same alleged bank loan fraud case. Investigators claim that a substantial portion of the investments turned into non-performing assets (NPAs), causing an estimated ₹3,300 crore loss to the bank.

The continuing probe forms part of the agency’s wider crackdown on financial irregularities and corporate loan defaults involving high-profile business groups.

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Hindusthan Samachar / Jun Sarkar