Earlier on December 15, the agency had questioned Yes Bank co-founder Rana Kapoor in the same case. It is alleged that Kapoor and industrialist Anil Ambani entered into a "quid-pro-quo" arrangement th ...
During this period, Yes Bank invested over Rs 5,000 crore in Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), both ADAG group companies.
The FIR has named Jai Anmol Ambani, former director of Reliance Home Finance Ltd (RHFL), along with Ravindra Sharad Sudhalkar, the company's ex-CEO and whole-time director, unknown associates and publ ...
During the probe, the agency found that Reliance Power Limited, with a mala fide intent, hired the services of a shell entity, Biswal Tradelink Private Limited, to arrange a fake bank guarantee.
Market watchers note that the attachments could complicate restructuring plans for the businesses still attempting to negotiate settlements with lenders.
