Anil Ambani was questioned by the ED on Tuesday in connection to the alleged loan fraud case linked to Reliance Group entities, seen as one of the biggest corporate loan frauds currently under investigation.
The 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 has sought details from a dozen banks 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.
As per persons privy to the development, Ambani told officials that he is not aware of various transactions which the ED has pointed out related to the loan fraud case. He could be summoned again.
