In the first part of the #Lootwallah series, @Cobrapost investigated a scam of Rs 41,000 crore in companies of the Reliance Anil Dhirubhai Ambani Group (ADAG). Some of these transactions date back to soon after Reliance ADAG splintered from the behemoth Reliance Industrial

Following our investigations, we wrote to Reliance ADAG Group entities with a questionnaire giving them 10 days+ to respond. Instead, Reliance Infra tried to silence us and intimidate us against releasing our findings through a legal notice dated 29 October 2025 Link to the Legal

Gateway of India’s eyesore: Back in 2008, a new yacht disrupted the view off the Gateway of India. News stories said millionaire industrialist Anil Ambani had bought this as a token of his love for his wife and former Bollywood star, Tina Ambani. It was named TiAn—a combination

@Cobrapost investigation shows that the US$20 million yacht was bought by funds from ADAG company Reliance Communication/RComm funds, a company listed with the BSE. The funds were earmarked to procure mobile phones for RComm but diverted to buy the yacht that had nothing to do

Another US$785 million was diverted to Reliance ADAG promoter holdings from external commercial borrowings (ECB) taken by listed company Reliance Infra. These foreign funds were diverted from the ECBs and forwarded as loans to ADAG promoter companies. On October 17, 2006,

While looking under the hood of Reliance ADAG’s wizardry, @Cobrapost found that one of the smokescreens it used was to change names of the corporations through which funds were routed. A case in point was an ADAG company called CLE Pvt Ltd, regd as a NBFC, whose name was changed

Three subsidiaries of Reliance Capital, listed with BSE, moved cash to ADAG promoter companies: Reliance Home Finance Ltd moved Rs 7965 cr worth of loans (mostly from PSBs) through a maze that began with 49 companies and ending ultimately with 14 promoter companies Reliance

Looteron ka Quid Pro Quo The third subsidiary of Reliance Capital is the most interesting—Reliance Corporate Advisory Services, which gave interest-free inter-corporate loans. While these didn’t make sense at first, it showed another unique method of operations involving multiple

Anil Ambani’s partnership with Hollywood sci-fi legend Steven Spielberg was funded partly by Indian public money. Reliance ADAG set up a joint venture that funded Dream Works Studios that went on to make Oscar and Golden Globe Award-winning films such as Meryl Streep-starrer The

ADAG promoter companies found a mysterious benefactor who disappeared after giving them US$750 million. In a bizarre case, an Irish entity lent this money to a Singaporean company which was temporarily in the custody of a Reliance Innoventures. The money was illegally invested

Till now, four public sector banks-Bank of Baroda, Bank of Maharashtra, Bank of India and State Bank of India—have declared some declared some of the ADAG companies accounts as ‘fraud’ accounts, filing that information with SEBI, which is yet to make a detailed investigation into

@cobrapost @pbhushan1 Fekuchand kaka ke hote hua Anilbhai ka bal bhi koi banka nahi kar sakta hai. Fekuchand ab Gautam bhai ko aise he tayyar kar raha hai. Gujubhai ka batcha kabhi nahi satcha

@cobrapost @pbhushan1 The real scandal isn't the fraud; it's that our regulators perform autopsies instead of surgery. We've perfected a system where transparency is the alibi for inaction. Fraud is documented, filed, and then forgotten. This creates a chilling asymmetry: we jail the pickpockets

@cobrapost Too long but get the gist The ring fenced cronies get away nice and easy The tax payer will bail them out Pre 2014 post 2014 post 2047 ... mo changes expected

@cobrapost Loon at the timing, just before start of market they posted all this 💩. Now we know what is he trying to do. Another hidenburg kind of episode but market gave Aniruddha Bahel the . Gaan mai dele neechey wale ko Aniruddha bahel 😂

@cobrapost The biggest scam is to cover up scam

@cobrapost GOOD