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Reliance Communications faces probe from India's serious fraud office
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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)

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