ED Summons Anil Ambani: Reliance Group Chairman Anil Ambani’s problems have increased further in the bank loan fraud case. The Enforcement Directorate (ED) has sent a notice to Anil Ambani to appear for questioning again next week. ED has asked the 66-year-old industrialist to appear before the agency on November 14. He will be interrogated on charges of money laundering in the SBI bank loan fraud case.
ED (Enforcement Directorate) has intensified the investigation into the fake bank guarantee racket related to Anil Ambani’s company Reliance Power. Investigation has revealed that the company had filled the tender for the government project SECI (Solar Energy Corporation of India), in which it was necessary to give bank guarantee. For this, Reliance Power had entrusted this work to a company named Biswal Tradelink Pvt Ltd (BTPL) of Odisha.
what is the matter
The investigation found that the bank guarantee given by BTPL was fake, and in return Reliance Power had paid about Rs 5.4 crore to BTPL. The people involved in this fraud created a fake domain named s-bi.co.in by copying the real website of SBI (sbi.co.in). Through this, fake emails were sent, so that it seemed as if the bank guarantee had been issued by State Bank of India (SBI).
ED has arrested BTPL Managing Director Parth Sarathi Biswal. Investigation revealed that BTPL is a company formed only on paper – neither its actual office nor documents were found. Suspicious transactions worth crores of rupees were found in many secret bank accounts of the company. People associated with the racket used disappearing messages on Telegram app so that evidence could be destroyed.
Big questions before ED
Now ED is investigating – who approved the payment of Rs 5.4 crore to BTPL and why?
Was Anil Ambani aware of this fraud?
Who benefited from the fake bank guarantee?
Through which channels and people was the money transferred?
Since this case is directly related to Reliance Power and its affiliated companies, ED has called Anil Ambani for questioning so that his role can be clarified.
Big disclosure of racket – fake guarantee of Rs 68.2 crore
The ED investigation also found that Reliance NU BESS Limited and Maharashtra Energy Generation Ltd, which are Anil Ambani group companies, had also submitted fake bank guarantees worth Rs 68.2 crore to SECI. After this case, ED has also started re-investigation of the old financial fraud cases of Anil Ambani Group. Reliance Communications Ltd (RCom) accused of loan fraud of ₹14,000 crore. Case of fraud of Rs 1,050 crore registered against Canara Bank.
The government had told in Parliament that SBI has declared RCom as a ‘fraud account’, and preparations are being made to send a complaint to CBI. Overall, this case is not limited to just a fake bank guarantee – it raises serious questions on the financial transparency and management of Reliance Group.
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