Reliance Adag Loan Siphoning: ADAG companies siphoned off loan money via 53 shell firms: ED | India News
NEW DELHI: The Enforcement Directorate has informed Supreme Court that NBFC entities of Reliance ADAG – Reliance Home Finance Ltd and Reliance Commercial Finance Ltd – had siphoned off parts of Rs 15,500 crore, they had raised from banks, through “an intricate network of 53 shell and group entities under control of R-ADAG”.ED sources said…
