Reliance Crew Chairman Anil Ambani has been summoned by way of the ED in connection with its money laundering probe against Positive Monetary establishment promoter Rana Kapoor and others, officials mentioned on Monday.
They mentioned Ambani was asked to depose at the Enforcement Directorate workplace throughout the Ballard Assets space of Mumbai on Monday as his staff firms are quite a lot of the huge entities whose loans allegedly went unhealthy after borrowing from the crisis-hit monetary establishment.
The officials mentioned Ambani, 60, has sought exemption from glance on some private grounds and he may be issued a brand spanking new date.
Reliance Crew, final week, had mentioned in a statement that its whole debt from Positive Monetary establishment was completely secured and was availed throughout the peculiar route of commercial.
“Reliance Group is committed to honouring repayments of all its borrowings from Yes Bank Ltd through its various asset monetisation programmes which are all at advanced stages,” the statement had mentioned.
The crowd discussed that it has “nil direct or indirect exposure to Rana Kapoor, former CEO of Yes Bank, or his wife or daughters, or any entities controlled by Rana Kapoor or his family.”
Ambani’s nine staff firms are discussed to have taken loans of about Rs 12,800 crore from the monetary establishment.
Finance Minister Nirmala Sitharaman had knowledgeable a press conference on March 6 that the Anil Ambani Crew, Essel, ILFS, DHFL and Vodafone had been quite a lot of the wired corporates Positive Monetary establishment had exposure to.
Officials mentioned promoters of all the massive firms who had taken large loans from the beleaguered monetary establishment, which later changed into unhealthy or had been throughout the red, are being summoned for questioning throughout the case to take the investigation forward.
Ambani’s statement it will likely be recorded beneath the Prevention of Money Laundering Act (PMLA) upon deposition, they mentioned.
Kapoor, 62, is at present in ED custody after he was arrested by way of the central probe corporate early this month.
The banker, spotted wearing a surgical mask, was taken for a systematic checkup by way of ED officials in Mumbai on Monday as he is set to be produced quicker than a space court on expiry of custody.
The ED has accused Kapoor, his family members and others of laundering “proceeds of crime” value Rs 4,300 crore by way of receiving alleged kickbacks in lieu of extending massive loans by the use of their monetary establishment that later allegedly changed into non-performing asset (NPA).
As many as 44 firms belonging to 10 large business groups reportedly accounted for unhealthy loans of Rs 34,000 crore of Positive Monetary establishment.
Other firms on the document include Subhash Chandra’s Essel Crew, DHFL Crew, Dewan Housing Finance Corporate, Jet Airways, Cox & Kings, and Bharat Infra.