RELIANCE ADAG GROUP
After SBI, Bank of India tags Reliance Comm's loan a/c as fraud, Anil Ambani's a/c included
Following SBI, Bank of India has also declared Anil Ambani, Reliance Communications, and Reliance Telecom accounts as 'fraud' due to loan diversions and non-compliance. BOI's notice, received on August 22, 2025, cites an outstanding loan of Rs 724.78 crore. Previously, SBI and Canara Bank had also classified RCom as fraud for similar reasons.
Anil Ambani now faces CBI heat in alleged bank fraud case; premises linked to ADAG raided
The CBI has searched Anil Dhirubhai Ambani Group premises concerning an alleged bank loan fraud, following an FIR registration. This action follows the ED's questioning of Anil Ambani in a money laundering probe related to loans taken by Reliance Home Finance, Reliance Commercial Finance, and RCom.
Anil Ambani denies allegations following CBI action in bank fraud case, says he was ‘singled out’
Anil Ambani has denied all allegations of fraud after the Central Bureau of Investigation (CBI) searched his Mumbai residence and Reliance Communications’ offices following a complaint by State Bank of India (SBI). The bank alleged wrongful losses of Rs 2,929 crore linked to loans sanctioned to the telecom company. A forensic audit flagged fund diversion and questionable transactions with group firms. Ambani maintains he was not involved in management decisions and will challenge the charges in court.
ADAG-Bank Fraud Case: CBI searches underway in premises linked to Anil Ambani & RCom
The Central Bureau of Investigation is probing Anil Dhirubhai Ambani Group for alleged bank fraud. CBI teams searched Mumbai locations, including Anil Ambani's premises. The investigation follows a 2022 enquiry into Yes Bank loans to ADAG firms. The Enforcement Directorate is already investigating the group for alleged money laundering.
ED makes first arrest in loan fraud case linked to Anil Ambani
The Enforcement Directorate (ED) arrested Partha Sarathi Biswal, MD of Biswal Tradelink Pvt Ltd, in connection with an alleged bank loan fraud case involving the Anil Dhirubhai Ambani Group. Biswal is accused of arranging a fake ₹68 crore bank guarantee for a Reliance ADAG firm. ED investigations revealed fraudulent documents and transactions, tracing crores of rupees to undisclosed accounts.
Anil Ambani faces Look Out Circular in ED’s Rs 17,000-crore loan fraud probe
Enforcement Directorate issued a Look Out Circular against Anil Ambani. This action follows an investigation into an alleged Rs 17,000-crore loan fraud case. The ED had previously conducted searches at multiple locations linked to Reliance Group. The investigation revealed a fake bank guarantee submitted to Solar Energy Corporation of India.
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Anil Ambani summoned by ED in ₹17,000 crore loan fraud investigation
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged `17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of `10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party.
Reliance Power, Reliance Infra raids: ED action concludes at all locations, says company statement
Enforcement Directorate completed its search of Anil Ambani's Reliance Power and Reliance Infrastructure locations. This action relates to an ongoing investigation. The probe concerns alleged money laundering exceeding Rs 24,000 crore. Reliance Power and Reliance Infrastructure affirmed their full cooperation with the Enforcement Directorate. The companies stated they will continue to assist the authority.
Rs 24,000-crore PMLA probe: ED raids 35 sites linked to Anil Ambani group, skips his home
The Enforcement Directorate searched multiple locations linked to Anil Dhirubhai Ambani Group. This action is part of a money laundering investigation involving over ₹24,000 crore. The searches covered numerous companies and individuals across India. The probe focuses on financial transactions involving public sector banks and private entities. Irregularities include loan disbursals and diversion of funds.
Anil Ambani’s Reliance responds after ED raids 35 sites in Rs 3,000 cr money laundering probe
The Enforcement Directorate raided 35 locations linked to Anil Ambani’s Reliance Group in a ₹3,000 crore money laundering probe tied to YES Bank loans. Reliance Power clarified it operates independently of RCom and RHFL, the focus of allegations. The group denied any impact on operations. ED suspects loan diversions, process violations, and bribes to YES Bank officials between 2017 and 2019.
Anil Ambani’s comeback playbook: The bold sectoral pivot turning heads on D-Street
Anil Ambani appears to be staging a comeback, with the market cap of his two group firms nearly doubling over the past six months following his pivot into sectors that India is actively betting on. But will this resurgence stand the test of time?
ADAG Group shares hit upper circuit as promoter eyes additional stake
Reliance Infrastructure will increase its stake in Reliance Power by converting debt into equity.
PGIM India recovers all dues from Reliance ADAG
The fund house says that the entire exposure to the Reliance ADAG group was ring-fenced and secured against shares of RNAM.
Pledged Shares: Edelweiss, RPower asked to settle row by fortnight
ADAG is also seeking compensation of Rs 2,700 crore from the Edelweiss Group for the ‘damage’ caused.
L&T Fin, Edelweiss say R-ADAG compelled them to sell shares
Both L&T Finance and Edelweiss Group refuted the allegations by the Reliance Group.
Reliance ADAG group shares in the green
Shares of ADAG Group companies had been under heavy selling pressure in the last few days.
Franklin MF liquidates lien marked fixed deposit by ADAG
By doing this, the asset manager has brought down its exposure to the ADAG group.
Reliance ADAG stocks soar up to 14% on mega defence alliance buzz
AGAG and Hinduja Group’s Ashok Leyland may join a foreign OEM post defence alliance.
2G case: Swan Telecom was front company of Reliance ADAG, says CBI
CBI today claimed in a special 2G court that STPL was a "front company" of ADAG which infused Rs 28.29 crore to increase its net worth for bagging radio waves for J&K telecom circle in 2007.
2G scam: Swan a front company of ADAG, CBI says
CBI claimed in a special court that Reliance ADAG had infused thousands of crores in Swan which allegedly was a front company to bag 2G licences.
2G trial: Anil Ambani was not chairman of Swan Capital Ltd
Anil Ambani was neither the Director nor the Chairman of Swan, a top Reliance ADAG official today told a Delhi Court.
Anil Ambani upbeat on West Bengal
Reliance ADAG Group chairman Anil Ambani is upbeat about the new political stirrings in West Bengal and left the possibility of investing in the state open.
Reliance Infra trading at negative book value: Deven Choksey, KR Choksey Securities
One will have to start looking at the commercial state of Reliance Infra's projects and the revenue collection happening over a period of the next 4-6 quarters.
The target level on the downside is 81 for RCom: Rajat Bose
Reliance Communications would once again resume its downtrend and if it goes below 89, then further downsides are expected as it is from a particular technical pattern projection, 81 is the target level on the downside.
ADAG stocks will probably become choppy and ranging: Ashwani Gujral
Yes ADAG is weak but they will probably become choppy and ranging, difficult to short from here.
The RIL-RNRL deal improves outlook for RPower greatly: Avinash Gupta
Avinash Gupta, Assistant VP Research Equity, Bonanza Portfolio Ltd discusses the RIL-RNRL gas agreement on ET Now and what it could mean for the sector.
ADAG stocks extend rise as bulls foresee growth prospects
These stocks have risen 15-50% in less than a month since the two corporate groups - ADAG and Mukesh Ambani-controlled Reliance Group - scrapped the non-compete agreements between them.
After some more fall, Relianc Infra worth buying in ADAG: DD Sharma, Head Research, Anand Rathi Securities
DD Sharma, Head Research, Anand Rathi Securities, in a chat with ET Now talks about Reliance Infra.
Max Health may be on ADAG radar
The buzz about Reliance Anil Dhirubhai Ambani group (ADAG)’s shopping spree is about Max Healthcare.
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