Tag: Financial Fraud

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Relief for Adani Group as SEBI Dismisses Hindenburg Report Allegations
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Thu, 18 Sep 2025Thu, 18 Sep 2025BREAKING NEWS, BUSINESS, INDIA

Relief for Adani Group as SEBI Dismisses Hindenburg Report Allegations

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Ahmedabad: Adani Group Chairman Gautam Adani on Thursday strongly criticised the allegations made by US-based short-seller Hindenburg Research, demanding a “national apology” from those who propagated what he described as “false and baseless narratives.” His statement comes after the Securities and Exchange Board of India (SEBI) officially gave the Adani Group a clean chit in...

CBI Books Reliance Communications, Anil Ambani in Major SBI Loan Default Case
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Fri, 5 Sep 2025Fri, 5 Sep 2025BREAKING NEWS, INDIA

CBI Books Reliance Communications, Anil Ambani in Major SBI Loan Default Case

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Mumbai: The Central Bureau of Investigation (CBI) has registered an FIR against Reliance Communications Ltd (RCOM), its director Anil D. Ambani, and others following a complaint by the State Bank of India (SBI) over an alleged loan fraud of ₹2,929.05 crore. According to the FIR, RCOM engaged in inter-company loan transactions amounting to ₹2,219 crore,...