Event Brief
ED tells Supreme Court of loan diversion via 53 shell firms
Filed: Jul 14, 2026 at 10:07 PM ET
Summary: The Enforcement Directorate informed the Supreme Court that ADAG entities used 53 shell firms to divert bank loan money.
WHO: Enforcement Directorate (ED)
WHAT: ED told the Supreme Court that Reliance ADAG entities siphoned loan money using 53 shell firms and attached assets worth over Rs 5,500 crore.
WHEN: Jul 14, 2026 at 9:25 PM ET
WHERE: India
WHY: ED’s disclosure was triggered by its ongoing investigation into alleged diversion of bank loan funds through shell entities.
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