Anil Ambani appears before ED in Yes Bank case

Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate (ED) in Mumbai in connection with a money-laundering probe into crisis-hit Yes Bank and its founder, Rana Kapoor, officials said.

The 60-year-old will be questioned in connection with loans given by Yes Bank.

The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act (PMLA).

Ambani was asked to appear before the probe agency’s officials on Monday. But he sought more time to appear before the agency citing health reasons.

Ambani group is among the largest borrowers from the bank. The group stated to have taken loans of over Rs 12000 crore from the Yes bank.