Reliance Power issues clarification: ED raids against Anil Ambani...

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Reliance Power issues clarification: ED raids against Anil Ambani group companies; here’s what the company said

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The Enforcement Directorate conducted raids across Mumbai, investigating a Rs 3,000 crore money laundering case allegedly involving Anil Ambani's Reliance Group companies and loans from Yes Bank. The probe focuses on alleged fund diversions and breaches in loan approvals, with scrutiny on connections between payments to Yes Bank promoters and loan disbursements.

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