On July 24, 2025, the Enforcement Directorate (ED) raided more than 35 locations in Mumbai and Delhi. These raids were part of the money laundering investigation related to bank loan fraud of ₹ 3,000 crore associated with Anil Ambani Group companies and Yes Bank.

Who was raided?

  • More than 35 campuses in Mumbai and Delhi
  • Connected to 50 companies and about 25 persons
  • Raids conducted under the Prevention of Money Laundering Act (PMLA)

 What is the allegation?

ED is checking how

Between 2017 and 2019, about ₹ 3,000 crore loans from Yes Bank were reportedly diverted

The promoters of Yes Bank allegedly received money in their own undertakings before the loan was allegedly approved.

There was a suspected alliance between the bank and Anil Ambani's group to bribe for loan

 Suspected of big violations

According to ED sources, Yes Bank violated its own rules in this way

Using Loan Approved Documents (Credit Approved Memorandum - CAM) of the previous date

Credit analysis or investing without proper hard work

Ignore internal credit policies

 legal development

Canara Bank had earlier described Anil Ambani's loan account as a fraud, but later withdrew the order

Bombay High Court imposed a fine of ₹ 25,000 on Anil Ambani for demanding immediate hearing in a tax related case

Investigation basis:

ED's money laundering case is supported by the following:

Two FIRs lodged by CBI

National housing bank

  • SEBI (Securities and Exchange Board of India)
  • NFRA (National Financial Reporting Authority)

Bank of Baroda.

ED Reliance Anil Dhirubhai is actively checking for alleged debt fraud and money laundering associated with Yes Bank. The case highlights serious concerns about public money misuse and internal banking violations.

Press notice through ED officials

Bombay High Court court records

Report of CBI, SEBI, NHB, NFRA and Bank of Baroda.