ED charges Anil Ambani's close aides in ₹12,500-cr fraud case

ED has named Anil Ambani's close aides, Amitabh Jhunjhunwala and Amit Bapna, among 55 accused in an alleged ₹12,500-crore bank loan laundering case. According to the ED allegations, the majority of corporate loans were disbursed to 45 shell firms. These interconnected paper firms were allegedly operated and controlled directly by entities linked to the Reliance Anil Dhirubhai Ambani Group.