ED summons Anil Ambani on August 5; loan diversion charge being probed: What’s the case about?

The Enforcement Directorate has summoned Anil Ambani on August 5 concerning a loan fraud case amid bribery and unsecured loan allegations. This action follows ED raids at over 35 locations in Mumbai, investigating the diversion of approximately Rs 3,000 crore in loans granted by Yes Bank to Ambani’s group companies between 2017 and 2019.