Event Brief
Jul 14, 2026 at 10:07 PM ET
ED tells Supreme Court of loan diversion via 53 shell firms
By The BriefBrief
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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