New Delhi: Anil Ambani’s Reliance Group has been under constant scrutiny for the last few months because many banks, including State Bank of India (SBI) and Yes Bank, have classified their loan accounts as “fraudulent” due to misconduct and misuse of funds. The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) have asked banks for information to search Ambani’s locations in connection with loan fraud and recently ED raided more than 40 locations of Anil Ambani and seized his assets worth around Rs 3000.

SEBI’s ban on Anil Ambani’s 24 companies

Anil Ambani’s business troubles began in August 2024, when the Securities and Exchange Board of India (SEBI) banned 24 of his companies from the stock market for five years, because SEBI described it as a “fraud scheme”

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