Reliance Group faces ED raids and SEBI ban
after close1 source ↓written by the desknot a recommendation
- seizing assets worth
- ₹3,000 cr
Anil Ambani's Reliance Group is under investigation as the Enforcement Directorate raided over 40 locations, seizing assets worth ₹3,000 cr. Multiple banks, including SBI and Yes Bank, have labeled loan accounts as fraudulent. Additionally, SEBI banned 24 companies for five years, citing a fraud scheme that misused funds.
Not investment advice. For informational purposes only.