A Look Out Circular (LoC) was issued towards Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), on Friday on the request of the Enforcement Directorate (ED), officers confirmed on Friday.
The transfer comes amid an ongoing investigation by the ED into an alleged Rs 17,000-crore loan fraud case. Earlier, the central probe company had summoned for questioning in associated to the matter on August 17.
ED final week carried out searches at a number of entities and people linked to Anil Ambani’s Reliance Group throughout 35 areas in Mumbai, masking 50 firms and 25 people below the Prevention of Money Laundering Act (PMLA).