HomePoliticsCBI Raids Properties Linked to Anil Ambani in Alleged Bank Fraud Case

CBI Raids Properties Linked to Anil Ambani in Alleged Bank Fraud Case

New Delhi: The Central Bureau of Investigation (CBI) on Saturday launched searches at multiple locations connected to industrialist Anil Ambani in relation to an alleged bank fraud case. Officials confirmed that the raids were initiated after a fresh case was registered, though they declined to share specific details of the charges.

This development comes close on the heels of recent action by the Enforcement Directorate (ED), which had issued a Look Out Circular (LoC) against Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG). The LoC was aimed at preventing him from travelling abroad without prior clearance from authorities. The ED’s move was linked to its investigation into an alleged ₹17,000 crore bank loan fraud case involving ADAG companies.

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New Delhi: The Central Bureau of Investigation (CBI) on Saturday launched searches at multiple locations connected to industrialist Anil Ambani in relation to an alleged bank fraud case. Officials confirmed that the raids were initiated after a fresh case was registered, though they declined to share specific details of the charges.

This development comes close on the heels of recent action by the Enforcement Directorate (ED), which had issued a Look Out Circular (LoC) against Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG). The LoC was aimed at preventing him from travelling abroad without prior clearance from authorities. The ED’s move was linked to its investigation into an alleged ₹17,000 crore bank loan fraud case involving ADAG companies.

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