Anil Ambani’s Reliance Group used dozens of shell entities to divert funds: Cobrapost report
IANS
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October 30, 2025 2:56 PM
New Delhi, Oct 30 (IANS) News website Cobrapost, in its report on the alleged siphoning of Rs. 28,874 crore by the Anil Ambani-led Reliance Group, on Thursday claimed that the modus operandi deployed included the use of dozens of pass-through entities, called Special Purpose Vehicles (SPVs), subsidiaries, shell companies or offshore entities based in the British Virgin Islands (BVI), Cyprus, Mauritius, the United States, the United Kingdom and Singapore, to route funds to Reliance Innoventure -- the main holding company of the group.
