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.