📢 ED Raids 35+ Sites in ₹3,000 Cr Anil Ambani Money Laundering Probe! 💥
- MediaFx
- Jul 24
- 2 min read
TL;DR:The Enforcement Directorate (ED) launched massive raids today, July 24, 2025, targeting over 35 locations and 50 companies linked to Anil Ambani’s Reliance ADA Group. The operation aims to uncover a ₹3,000 crore loan diversion from Yes Bank (2017–19), with strong suspicions of illegal fund siphoning, bribery of bank officials, use of shell entities, and approval process violations. Stocks of Reliance Power and Reliance Infrastructure fell ~4–5% post raids. The group claims ongoing cooperation with authorities and denies any wrongdoing.
🔍 What Exactly Is Going On?
Massive Raids & Scope:— ED searched 35+ premises across Delhi and Mumbai, connected to 50 companies and questioned over 25 individuals under anti-money laundering laws.— The probe targets a suspected ₹3,000 crore loan fraud tied to Yes Bank deals between 2017 and 2019.
Alleged Scheme:— Investigators describe it as a “well‑planned scheme” to siphon public funds via dodgy loans, fake shell companies, shared directors & addresses, lack of due diligence, back-dated documents, loan evergreening, etc.— Bribery is suspected: Yes Bank promoters allegedly received payments shortly before approving loans.
Regulatory Inputs:— CBI FIRs plus findings from SEBI, National Housing Bank, NFRA, Bank of Baroda fed into this ED probe.
Major Focus Areas:— Reliance Home Finance saw corporate loans increase from ₹3,742 cr (FY18) to ₹8,671 cr (FY19), flagged for process violations.
📉 Market Reaction & Company Responses
Stock Market Fall:— Shares of Reliance Power and Reliance Infrastructure plunged ~4–5% on the news.
Official Statements:— Both companies assert full cooperation with authorities and deny any illegal activity. Reliance Power stated the raids don't affect its operations or link to RCom/RHFL.
⚖️ What Comes Next?
ED will scrutinize documents: loan files, bank approvals, transaction histories. The probe could expand to more individuals and entities. Possible outcomes include PMLA charges, trials, asset seizure, or CBI actions.
🧠 MediaFx Analysis (From the People’s Lens)
This probe highlights how powerful businesses may exploit public money with lax banking oversight. The working class deserves transparency, not complex corporate manipulation. We must ensure financial tools serve common people, not private gains. Stronger bank checks, corporate accountability, and real social justice are essential.
ED must go beyond punishing individuals—systemic reforms are needed so loans serve society, not shell companies. 👥✊
💬 Tell Us What You Think!
What are your views on ED action and bank accountability? Drop your thoughts in the comments—your voice matters!
