Reliance Group Chairman Anil Ambani in Soup
Indian Agency Questions Anil Ambani in $2 Billion Loan Fraud Probe India’s Enforcement Directorate (ED) interrogated Reliance Group Chairman Anil Ambani for nearly 10 hours on Tuesday in a money laundering investigation tied to alleged bank loan fraud involving his group companies, officials said. The probe centers on financial irregularities exceeding $2 billion. Ambani, 66, arrived at the ED’s central Delhi office in an electric vehicle around 10:50 a.m. and left shortly before 9 p.m. His statement was recorded under the Prevention of Money Laundering Act, with investigators posing approximately 12 questions, according to agency sources. Ambani denied any wrongdoing,…