Anil Ambani is in the spotlight again. This time, for all the wrong reasons. Sources say he bribed top Yes Bank officials to get loans worth ₹3,000 crore. This happened between 2017 and 2019. And the details are shocking.
According to the Enforcement Directorate (ED), there was an illegal “quid pro quo” deal. That means Yes Bank promoters were paid secretly just before they cleared the loans for Anil Ambani’s companies. These payments were made through privately held businesses. The ED calls it a clear case of fraud.
The loans were given without proper checks. Internal bank documents were backdated. Credit reports were weak or missing. Some loans were cleared in just a day. In some cases, the money was released even before the loan was approved.
Anil Ambani’s companies used the money in shady ways. Funds were moved to shell companies. Some went to other group firms, breaking loan terms. Borrower companies shared the same address and directors, which is a red flag. Still, no one stopped the process.
The ED found serious problems in the way Yes Bank worked during that time. It was like a free-for-all. There were no proper rules followed. Even weak companies with poor finances got big loans.
This isn’t just a small mistake. It’s a big scam. The ED has already searched more than 35 places. Over 50 companies linked to Anil Ambani are being investigated. More than 25 people have been questioned so far.
The probe is based on CBI cases that talk about money laundering and bank fraud. Other agencies like SEBI, National Housing Bank, NFRA, and Bank of Baroda also gave inputs.
The ED says it’s a planned scheme. The aim was to cheat banks, investors, and the public. The money was not used for real business. It was moved around to hide losses and delay loan repayments.
This scandal raises big questions. How did Anil Ambani get away with this for so long? Why didn’t the bank stop these deals? And what happens next?
As of now, the investigation is growing. More names might come out soon. One thing is clear—India’s financial system needs stronger checks. People in power cannot keep playing with public money.
Also Read Anil Ambani Raided by ED: 35 Sites, 50 Firms Under Massive Bank Fraud Probe
