Enforcement Directorate informed the Supreme Court about Reliance ADAG entities siphoning funds. These companies allegedly used fifty-three shell entities to divert bank loans. Assets worth over Rs 5,500 crore have been attached by the agency.

Source: [Times of India](https://timesofindia.indiatimes.com/india/adag-companies-siphoned-off-loan-money-via-53-shell-firms-ed/articleshow/132403728.cms)

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