Anil Ambani faced questioning by the Enforcement Directorate regarding an alleged 17,000 crore loan fraud case. The questioning lasted for several hours, with sources indicating that he is likely to be summoned again within seven to ten days. During the questioning, Anil Ambani stated that he required time to gather documents and details, claiming that "all financial decisions were taken by the internal board and that he only signed off on these papers." The case involves allegations of money rerouted to other companies within the Reliance Group and 39 banks under scrutiny for not flagging defaults. Investigators are probing alleged kickbacks paid to banks and the use of backdated credit approval memorandums to secure loans. Other executives, including Amitabh Jhunjhunwala, are also expected to be questioned by the Enforcement Directorate. #anilambani #edprobe #loanfraud #itwebvideos #indiatoday #financialscandal #corporategovernance #investigation #questioning #reliancegroup #yesbank #kickbacks #banksunderscanner #financialmisconduct #summons #probe #enforcementdirectorate #indianews
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