The Anil Ambani case involves complex financial dealings, including alleged quid pro quo arrangements with bankers, suspicious investments routed through shell companies, and forged bank guarantees.
The ED, which tackles financial crimes in the country, may summon some bankers for questioning in the investigation related to loans issued to the Anil Ambani group that later became non-performing assets, people familiar with the matter told NDTV Profit on Monday.
The agency has written to 12-13 public-sector and private banks seeking details on due diligence followed on the loans sanctioned to Reliance Housing Finance, Reliance Communications and Reliance Commercial Finance. These include State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, UCO and Punjab and Sind Bank.
The ED has sought details on the process followed for loan clearances, the timeline of default and recovery action that followed on such accounts, sources said. Bankers may be summoned and questioned if the investigators are not satisfied with the replies, they added.
