Brief by Shorts91 Newsdesk / 05:13pm on 05 Nov 2025,Wednesday India
The government has launched a fresh probe into Anil Ambani’s Reliance Group over alleged diversion of funds. The Ministry of Corporate Affairs has handed the case to the Serious Fraud Investigation Office (SFIO) after finding signs of large-scale fund misuse. Companies under probe include Reliance Infrastructure, Reliance Communications, and Reliance Commercial Finance. The Enforcement Directorate (ED) also attached assets worth Rs 7,500 crore linked to the group in a separate case. Investigators say loans taken between 2010 and 2012 were misused to repay old debts. The move adds to ongoing actions by the ED, CBI, and SEBI against the group. (PC: India Today)
