Anil Ambani files adjournment plea before ED in probe against Rana Kapoor

Joseph B. Hash

Reliance Group Chairman Anil Ambani has filed an adjournment application and sought much more time to show up ahead of the Enforcement Directorate (ED) in connection with the ongoing dollars laundering probe linked to Yes Lender co-founder Rana Kapoor. The ED had summoned Ambani in connection with the probe towards […]

Reliance Group Chairman Anil Ambani has filed an adjournment application and sought much more time to show up ahead of the Enforcement Directorate (ED) in connection with the ongoing dollars laundering probe linked to Yes Lender co-founder Rana Kapoor.

The ED had summoned Ambani in connection with the probe towards Kapoor and his spouse and children members.

In a statement issued final 7 days, the Reliance Group had denied any inbound links with Kapoor, his spouse and children or entities managed by them.

“Reliance Group states it has NIL immediate or indirect exposure to Rana Kapoor, Former CEO of Yes Lender, or his wife or daughters, or any entities managed by Rana Kapoor or his spouse and children. Reliance Group says its entire exposure to Yes Lender is absolutely secured and transacted in the common program of small business,” said the statement issued on Wednesday.

“Reliance Group is fully commited to honour repayments of all its borrowings from Yes Lender Ltd through its numerous asset monetisation programmes which are all at innovative levels,” it added.

Earlier this thirty day period, the ED had arrested Rana Kapoor as he was reportedly not cooperating in the probe.

The company has been granted an extension to continue to keep Kapoor below custody till March 16 by a special court docket below the Prevention of Revenue Laundering Act (PMLA).

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