India federal agency freezes Anil Ambani Group’s $351 million properties, source says

India’s financial crime agency has provisionally frozen 30.84 billion rupees ($350.87 million) in assets linked to Reliance Anil Ambani Group. The investigation concerns money laundering related to loans taken from YES Bank between 2017 and 2019, with funds allegedly routed to group-linked entities and resulting in no returns.

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