In a massive loan fraud investigation, the Enforcement Directorate (ED) has targeted Anil Ambani and his once-powerful Reliance ADA Group, accusing them of orchestrating an elaborate web of financial deceit between 2017 and 2019. The younger Ambani brother, who parted ways with Mukesh in 2005 to forge an empire in telecom, power, infrastructure, and finance, now stands accused of siphoning funds through quid pro quo arrangements with Yes Bank, evergreening of loans, backdated approvals, zero due
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