The regulatory noose has tightened further around Anil Ambani’s Reliance Group, with the Ministry of Corporate Affairs (MCA) ordering a fresh probe into alleged fund diversion across multiple group companies. The investigation, initially handled by the MCA, has now been handed over to the Serious Fraud Investigation Office (SFIO) after preliminary findings suggested large-scale siphoning of funds and potential violations of the Companies Act. Advertisement

According to sources, the probe will cover Reliance Infrastructure, Reliance Communications, Reliance Commercial Finance, and CLE Pvt Ltd, focusing on tracing the flow of money and identifying key decision-makers responsible for the alleged misconduct.

SFIO to probe large-scale fund movement

Officials said the SFIO will examine inter

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