Corporate Affairs ministry probes Anil Ambani Group over alleged fund diversion

CHENNAI: The Ministry of Corporate Affairs (MCA) has initiated an investigation into Anil Ambani-led Reliance Group over alleged fund diversion and financial irregularities, adding to the mounting troubles for the debt-laden conglomerate. The probe will examine transactions across multiple group entities to determine whether funds were siphoned off or misused in violation of corporate governance norms, India Today reported on Wednesday quoting official sources.