Indian authorities raided properties linked to businessman Anil Ambani over alleged ₹3,000 crore loan fraud.

The Enforcement Directorate (ED) in India conducted raids on over 35 properties linked to businessman Anil Ambani and Yes Bank, related to a potential ₹3,000 crore loan fraud. The investigation, under the Prevention of Money Laundering Act, involves 50 companies and about 25 individuals, and is based on allegations of illegal loan diversion and bribery. Regulatory bodies including SEBI and the CBI provided evidence for the ongoing probe.