Archive · 24 Jul 2025
ED Investigates Reliance Group Amidst Yes Bank and Finance Claims
Imagine a company, Reliance Group, is being looked at by financial police (ED) for something that happened long ago, involving loans and a bank called Yes Bank.
The police think some money from investors in a mutual fund went into risky bonds and might have been misused.
Also, they are looking into if Reliance Group hid some money transfers.
The company says everything was done correctly and the loans were paid back.
The company says these issues don't affect how things are run today.
ED investigated Reliance Group for alleged financial irregularities linked to Yes Bank and Reliance Home Finance.
Reliance Mutual Fund's investment of ₹2,850 crore in Yes Bank's AT-1 bonds is under scrutiny.
ED found Reliance Infrastructure allegedly diverted funds to related parties, concealing transactions.
Reliance Group denies wrongdoing, stating loans were legitimate and repaid, and that the cases are old.
Reliance Group says ED actions have no impact on its current business operations.
- Who
- Enforcement Directorate (ED), Reliance Group, Yes Bank, and Reliance Mutual Fund.
- What
- Investigation into alleged financial irregularities involving Reliance Group, Yes Bank, and Reliance Home Finance.
- When
- The events under investigation are more than 8 years old; searches occurred recently.
- Where
- Mumbai, India
- Why
- To investigate potential financial misconduct, including the diversion of funds and alleged improper transactions.
Enforcement Directorate
Reliance Group
Financial Irregularities
Enforcement Directorate
Reliance Group engaged in financial misconduct, including fund diversion and potential quid pro quo deals.
Reliance Group
Reliance Group denies all accusations of wrongdoing and claims the investigations are based on old transactions.
- ED Action
- Searches conducted on over 35 premises.
- Reliance MF Investment
- ₹2,850 crore in Yes Bank AT-1 bonds
- AT-1 Bonds
- High-risk bonds that can be written off.
- Alleged Diversion
- Over ₹10,000 crore
- Reliance Group Stance
- Loans were legitimate and repaid.
- RHFL Loan Book
- Increased from ₹3,742.60 crore in FY18 to ₹8,670.80 crore in FY19.
