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ED tightens grip on Anil Ambani Group, third arrest creates stir, shares fall

ED tightens grip on Anil Ambani Group, third arrest creates stir, shares fall
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Anil Ambani ED investigation: Another action has been taken by the Enforcement Directorate (ED) against Anil Ambani Group. Another arrest has been made in the alleged fake bank guarantee case of Rs 68 crore against Reliance Power of the country’s famous businessman Anil Ambani. A total of three people have been arrested so far.

According to media reports, a person named Amar Nath Dutta has been arrested by ED on Thursday. The impact of this news is visible in the shares of the company. There was a huge fall in the company’s shares on Friday. Shares of Reliance Infrastructure fell by 5 percent on BSE.

ED action

According to information received from media reports, Amar Nath Dutta has been arrested on Thursday under the Prevention of Money Laundering Act. The special court has sent Amar Nath to judicial custody for four days. This is the third arrest by ED in the fake bank guarantee case.

Earlier, the company’s CFO Ashok Kumar Pal and Odisha-based Biswal Tradelink Company’s managing director Partha Sarathi Biswal were also arrested. This bank guarantee is reportedly worth Rs 68.2 crore.

There was a huge decline in the company’s shares

Due to this action of ED, there is a huge fall in the shares of the company. On Friday, November 7, shares of Reliance Infrastructure slipped by 5 percent on BSE. Till the time of writing the news, the company’s shares were trading at Rs 174.85. Which shows a decline of about Rs 9.20 compared to the previous day’s close.

Just a few days ago, the company’s shares had reached their 52-week all-time high of Rs 425. At the same time, shares of Reliance Power have also fallen by 2.53 percent. The company’s shares were trading at Rs 40.04 on BSE. Which is showing a decline of Rs 1.04 compared to the previous day’s closing. At the same time, in this matter the company group has said that Anil Ambani has nothing to do with this entire matter.

Also read: Now you will get gold on every payment! Paytm started powerful feature, know the method of redemption

Tags: AmbaniAnilAnil Ambani ED investigationarrestcreatesED arrestED investigationfake bank guarantee casefallgripGroupMoney LaunderingReliance Powershare fallsharesstirtightens
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