AGENCIES, New Delhi: Reliance Group Chairman Anil Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank.
Confirming the development, an ED official said the agency was examining all the big borrowers of the bank, and the stressed loans sanctioned during Kapoor’s tenure.
Ambani, a source said, sought exemption on health grounds from the agency and didn’t attend. He may be issued a fresh date by ED.
Anil Ambani’s companies are among the largest borrowers from the bank. They borrowed about Rs 12,800 crore from Yes Bank that turned out to be non-performing assets (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.
Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad, are being summoned for questioning in the case to take investigation forward.
Ambani’s statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition.