Anil Ambani, the younger brother of Mukesh Ambani, the richest person in the country, is increasing difficulties. In the loan fraud case of Rs 17,000 crore, the Enforcement Directorate (ED) has summoned his top colleagues and along with this, wrote a letter to 39 banks seeking clarification. As soon as this news came, the shares of Anil Ambani’s companies were badly broken and the Lower Circuit was installed in Reliance Infra to Reliance Power Share.
Screws on Anil Ambani’s colleagues
Anil Ambani’s alleged Rs 17,000 crore loans in Anil Ambani’s business institutions are increasing the difficulties of Anil Ambani and the Enforcement Directorate has increased the scope of its investigation. After summoning the first Anil Ambani, the ED has now summoned his closest colleagues. These include his old confidants Amitabh Jhunjhunwala and Names like Satish Seth. All these have been called for questioning under the Prevention of Money Laundering Act (PMLA).
In the last few days, at least six summons have been issued to the top -level officials associated with Anil Ambani’s corporate empire in the Loan Fraud case. Let us know that all these have also come under the scrutiny of ED during all the raids taken in this case. According to the officials, all of them played an important role in carrying out this fraud and rigging bank loan.
Serious questions are raising the silence of banks
The Enforcement Directorate, while increasing the scope of its investigation in the loan fraud case of thousands of crores, has written a letter to 39 banks seeking a detailed explanation from them that when these loans turned into NPAs, why did they not call them suspicious. The agency also suspects that some bank officials were also offered bribes instead of keeping silence and being inactive.
A senior official related to this entire case told Aaj Tak/India Today TV that even after the loan lapse, the silence of the banks is raising many serious questions. These institutions should have warned everyone in such a case, which they did not do. Apart from this, the ED is also investigating whether the bank officials deliberately rang the alarm bell instead of earning illegal benefits. The latest action has been extensively investigated by the ED, in which a search operation has already been conducted at several locations including Odisha and Kolkata. It is expected that Anil Ambani may appear before the agency for questioning on Tuesday 5 August in this case.
Lower Circuit in Anil Ambani’s shares
In this loan manipulation of Rs 17000 crore, the impact of Anil Ambani Stocks was also seen on Anil Ambani Stocks. Despite the fast start in the stock market, his company Reliance Power’s stock opened up 5% Lower Lower Circuit, it has broken more than 11% in just five days. So at the same time, Reliance Infra’s shares were also opened at Rs 296.15 with a lower circuit. It has fallen by 10 percent in five days.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)
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