Overview

• ED search operations continue at more than 35 premises in Delhi and Mumbai linked to over 50 Reliance Anil Ambani Group companies.
• Teams have seized documents and electronic records from more than two dozen executives as investigators deepen their PMLA scrutiny.
• The inquiry centers on an alleged Rs 3,000 crore diversion of unsecured loans from Yes Bank to RAAGA entities between 2017 and 2019.
• Investigators allege a quid pro quo scheme in which Yes Bank promoters received funds in their own entities just before approving large loans.
• The enforcement action builds on two CBI FIRs and evidence provided by SEBI, SBI, the National Housing Bank, NFRA and Bank of Baroda.