Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday. It is understood that Ambani has sought exemption on health grounds from the agency and he may be issued a new date. Ambani’s group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA. Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to. Kapoor (62), is at present in ED custody after he was arrested by the central probe agency early this month.

Source: The Hindu March 16, 2020 04:15 UTC