ED Probes Perpetual FDs In Anil Ambani Case; Rs 2,850-Crore Yes Bank Bond Investment Under Scanner

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The Enforcement Directorate is probing financial irregularities linked to Anil Ambani-led companies, centring around the controversial investment of Rs 2,850 crore by Reliance Mutual Fund in Yes Bank’s AT-1 perpetual bonds, the agency sources told NDTV Profit.These bonds, which were later written off during Yes Bank’s bailout, resulted in heavy losses for public investors. Investigators suspect a potential quid pro quo arrangement, prompting closer scrutiny by both the ED and the CBI.This is a developing story.. Read more on Business by NDTV Profit.