Cobrapost Accuses Anil Ambani’s Reliance Group of ₹41,900 Crore Fund Diversion; Company Rejects Allegations as Malicious and Baseless

In a dramatic development that has sent ripples across India’s corporate landscape, investigative portal Cobrapost has alleged that Anil Ambani’s Reliance Group diverted funds amounting to ₹41,921 crore from its listed companies over nearly two decades. The group has strongly denied the charges, calling the report a “malicious, baseless, and motivated campaign” allegedly orchestrated by corporate rivals to damage its reputation and crash stock prices.

The Cobrapost report, released on October 30, 2025, claims that the fund diversion began in 2006 and involved complex routing through domestic and offshore entities in Singapore, Mauritius, Cyprus, the British Virgin Islands, the US, and the UK. The group allegedly siphoned off ₹28,874 crore raised via bank loans, IPO proceeds, and bonds from listed entities such as Reliance Communications, Reliance Capital, Reliance Home Finance, and Reliance Commercial Finance.

🧾 Alleged Fund Diversion Breakdown

Cobrapost claims the transactions violated multiple financial regulations and resulted in erosion of public wealth through bad loans and market capitalization losses.

🏢 Companies Named in the Report

Cobrapost alleges that internal audits and filings were manipulated to conceal the transactions.

🗣️ Reliance Group’s Response

The Reliance Group issued a detailed rebuttal, stating:

“This is a deliberate campaign of calumny, disinformation, and character assassination aimed at tarnishing the reputation of Reliance Infrastructure Limited, Reliance Power Limited, Anil D. Ambani, and the company’s 55 lakh shareholders.”

The group further claimed that the allegations were timed to coincide with market-sensitive events and were designed to destabilize investor confidence.

🧠 Legal and Regulatory Implications

Legal experts suggest that if proven, the allegations could lead to criminal proceedings, asset freezes, and board-level restructuring.

📊 Market Reaction and Investor Sentiment

The group’s listed entities saw sharp declines in share prices following the release of the report.

🧭 Timeline of Events

The timeline suggests a long-term pattern of financial engineering, if the allegations hold.

📌 Conclusion

The Cobrapost allegations against Anil Ambani’s Reliance Group have reignited concerns about corporate governance and financial transparency in India’s business ecosystem. While the group has categorically denied the charges and attributed them to rival-driven sabotage, the scale and complexity of the alleged fund diversion demand thorough investigation. Regulatory bodies are expected to step in, and the outcome could have far-reaching implications for investor trust and corporate accountability.

Disclaimer: This article is based on publicly available reports and statements from involved parties. It does not constitute legal or financial advice. All claims are subject to verification by competent authorities.