The ED has summoned Anil Ambani on November 14 in a money laundering case involving Reliance ADAG group firms. The agency recently attached assets worth ₹4,462 crore, alleging diversion of ₹40,000 crore in loans across group entities.
The Enforcement Directorate has attached assets worth Rs 3,084 crore linked to Anil Ambani, his group companies, and related entities under the PMLA in a money laundering probe involving alleged diversion of public funds and loan irregularities exceeding Rs 17,000 crore
Cobrapost has alleged that the Anil Ambani-led Reliance Group diverted Rs 28,874 crore using shell companies and offshore entities across multiple countries. The report claims funds were routed through subsidiaries and SPVs before being written off. The group denied the allegations
The Enforcement Directorate has arrested Ashok Pal, CFO of Reliance Power, part of Anil Ambani’s Reliance Group, under the PMLA in a money laundering case linked to alleged multi-crore bank frauds. The ED continues its probe into the group companies.
According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies
Anil Ambani appeared before the ED in New Delhi for questioning in a Rs 17,000 crore bank loan fraud case. The probe includes alleged fund diversion, shell companies, and bribery involving Reliance Group entities under the Prevention of Money Laundering Act.
Hyderabad: The meticulously constructed ‘pure as white’ image that Prime Minister Narendra Modi donned for the past eight years seems all set to crumble with several skeletons smacking of favouritism towards the Ambani and Adani Groups tumbling out of the cupboard now. What is striking is that Modi’s foreign jaunts, touted by the ruling BJP […]
The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.
In a letter addressed to the Future Group employees, Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information.
Total financial indebtedness of the listed entity, including short-term and long-term debt and accrued interest, was Rs 20,379.71 crore at the end of December 2020,
