Once valued at over ₹1 lakh crore, Anil Ambani’s Reliance ADAG group is now facing one of its biggest reckonings. The Enforcement Directorate has launched a sweeping probe into alleged loan fraud and money laundering worth over ₹24,000 crore—spanning Yes Bank transactions, shell firms, and suspected quid pro quo deals with Rana Kapoor’s family offices.
In this episode, host Anirban Chowdhury, ET’s banking editor Sangita Mehta and its tracker of financial wrongdoings Rashmi Rajput unpack the Grand Thornton audit red flags, the delays in enforcement action, and the high-stakes legal and financial fallout.
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