Anil Ambani summoned by enforcement Directorate in Yes Bank Case

Anil Ambani summoned by enforcement Directorate in Yes Bank Case

Reliance Group chief Anil Ambani has been summoned by the Enforcement Directorate (ED) in connection with an alleged money laundering case involving the crisis-hit Yes Bank, officials have said.

Mr Ambani was told to appear before the probe agency's officials in Mumbai. He was to be questioned in connection with loans given by Yes Bank, on which the Reserve Bank of India imposed a moratorium and capped withdrawal by users at Rs 50,000 a month after the bank's financial health severely deteriorated.

Mr Ambani has sought more time to appear before the officials citing health reasons, sources have said.

Other Reliance Group officials will be called in for questioning later this week, sources said.

Yes Bank customers have been facing a tough time in accessing internet banking, using payment via UPI and withdrawing from ATMs after the RBI's sudden announcement to curb withdrawals led to a scramble to take out money.