New Delhi: The Enforcement Directorate (ED) issued a lookout circular against Anil Ambani on Friday August 1 to prevent him from leaving India. The update came hours after it summoned the Reliance Group Chairman for questioning on August 5 in connection with an alleged Rs. 17000 crore bank loan fraud case. How did the market react to the news? Shares of Anil Ambani’s companies Reliance Power and Reliance Infrastructure dropped by up to 5 per cent in early trading on Friday soon after news reports said that the Enforcement Directorate (ED) had called Anil Ambani for questioning on August 5. Reliance Power’s stock fell by 4.82 per cent to Rs. 50.30 and Reliance Infrastructure’s stock dropped by 5 per cent to Rs.  311.60 on the Bombay Stock Exchange (BSE). What course of action is ED likely to follow? Anil Ambani has been asked by the ED to report to its office in New Delhi for questioning linked to an investigation into a suspected loan fraud and money laundering case involving his group companies. The ED plans to take his statement under the law that deals with money laundering (PMLA). Last week the ED raided 50 business entities and 25 individuals connected to the Reliance Group under the Prevention of Money Laundering Act (PMLA) while at least 35 locations in Mumbai were searched on July 24.