ADAG companies siphoned off loan money via 53 shell firms: ED
Enforcement Directorate informed the Supreme Court about Reliance ADAG entities siphoning funds. These companies allegedly used fifty-three shell entities to divert bank loans. Assets worth over Rs 5,500 crore have been attached by the agency. Other Reliance group companies also diverted funds for luxury acquisitions. Investigations continue with significant assets attached and officials arrested.
This summary was generated by PolitGlobe's AI pipeline from publicly available reporting at Times of India. For the full original article, visit the source below.
Read full article at Times of IndiaRelated coverage
Cuss remarks against CJI: Two law students arrested over courtroom disruption
Cuss remarks against CJI: Two law students arrested over courtroom disruption
Spain crashes Paris party by beating France in the World Cup semis
Dreams of reaching the World Cup final for a third time running were dashed when France were beaten 2-0 by Spain.
Congress seeks SIR deadline extension in Telangana
The delegation cites slow progress in voter verification, particularly in Hyderabad
'Will not entertain': Supreme Court rejects plea against SRK’s Mannat revamp
The petition sought to quash the coastal regulation zone (CRZ) clearance on January 3, 2025 granted for constructing the seventh and eighth floors.