ED Raids Anil Ambani Group, Yes Bank in ₹3,000 Crore Loan Fraud Probe

speedy Summary

• teh Enforcement Directorate (ED) conducted simultaneous raids on Thursday, July 24, 2025, in connection with a ₹3,000 crore bank loan fraud involving Anil Ambani group companies and Yes Bank.
• Over 35 premises in Mumbai and Delhi connected to about 50 companies and roughly 25 individuals were searched under the Prevention of Money Laundering Act (PMLA).
• Allegations include illegal diversion of loans from Yes Bank between the years 2017-2019.
• ED claims promoters of yes Bank received money in their concerns before issuing loans to the Reliance Anil Ambani Group companies. The agency is investigating these transactions for evidence suggesting bribery.
• Alleged violations also include back-dated credit approval memorandums (CAMs), unlawful investments without due diligence or proper credit analyses, and breaches of bank credit policy during loan approvals.
• Investigations are tied to reports shared by institutions such as SEBI, National Financial Reporting Authority (NFRA), National Housing Bank, Bank of Baroda, and linked CBI FIRs.

Indian Opinion Analysis

The ED’s inquiry highlights broader concerns about regulatory oversight in India’s financial sector. The allegations against prominent entities like the Reliance Anil Ambani Group and Yes Bank underscore critical vulnerabilities related to corporate governance and financial compliance within large institutions handling public funds.Systemic failures such as back-dated approvals and lack of thorough credit analysis raise red flags about transparency protocols within private banks.

While this case focuses on specific incidents between 2017-2019 involving alleged bribery schemes linked to loans issued for ₹3,000 crore-an amount that could impact broader economic trust-the raids signal India’s increasing emphasis on curbing financial malpractices through judicial probes under laws like PMLA. however, sustained scrutiny will be essential for ensuring accountability across all implicated parties without compromising procedural fairness.

Read More: Link