financetom
Business
financetom
/
Business
/
Reliance Communications faces probe from India's serious fraud office
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Reliance Communications faces probe from India's serious fraud office
Nov 20, 2025 11:39 AM

Nov 20 (Reuters) - Reliance Communications is

facing a probe from India's Serious Fraud Investigation Office,

it said on Thursday, in a move that will pile more pressure on

the insolvent company, which is already under the scrutiny of

the country's financial crime-fighting agency.

The company said an SFIO-appointed inspector had asked it

and its unit, Reliance Communications Infrastructure, to provide

"certain information" for the time period between fiscal year

2009 and 2024, without disclosing further details.

Reliance Communications added that it would extend full

cooperation to the authorities.

The separate Enforcement Directorate's probe relates to

cases involving Reliance Communications and its affiliates over

the alleged diversion of about 136 billion rupees and loans of

more than $569 million taken by the group from YES Bank

between 2017 and 2019.

Reliance Communications was part of the Anil Ambani-owned

Reliance Group until 2019, when it was admitted into insolvency.

The troubled conglomerate is owned by the younger brother of

billionaire Mukesh Ambani.

The ED has been investigating the Anil Ambani group for

alleged divergence of bank loans, and said on Thursday it had so

far cumulatively frozen assets worth 89.97 billion rupees ($1.01

billion).

A spokesperson for the Reliance Group said that Reliance

Communications has been undergoing insolvency proceedings over

the last six years and the ED's orders have no material impact

on the operations and future prospects of Reliance

Infrastructure and Reliance Power.

($1 = 88.6640 Indian rupees)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved