Yes Bank: ED summons Anil Ambani on Mar 19

Reliance Group Chairman Anil Ambani has been summoned by the ED later this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was first asked to depose at the Enforcement Directorate office in the Ballard Estate area of Mumbai on Monday as his group companies are among the big entities whose loans allegedly went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, sought exemption from appearance on some personal grounds.

He has now been asked to appear on March 19, they said.

The Reliance Group had last week said in a statement that its entire debt from Yes Bank was fully secured and was availed in the ordinary course of business.

"Reliance Group is committed to honouring repayments of all its borrowings from Yes Bank Ltd through its various asset monetisation programmes which are all at advanced stages," the statement had said.

The group stated that it has "nil direct or indirect exposure to Rana Kapoor, former CEO of Yes Bank, or his wife or daughters, or any entities controlled by Rana Kapoor or his family."