Reliance Infra denies fund diversion allegations, says Anil Ambani not on board

CHENNAI: Reliance ADA Group has firmly rejected allegations of diverting funds through inter‑corporate deposits (ICDs) involving Reliance Infrastructure (R‑Infra) and an undisclosed entity, CLE Pvt Ltd. According to a SEBI‑based allegation disclosed via ED sources, R‑Infra is accused of moving approximately ₹10,000 crore to group companies through CLE—without declaring it as a related party—through the guise of ICDs, equity investments and corporate guarantees. These transactions are alleged to span FY2013 to FY2023, with total exposure to CLE reported as Rs 8,302 crore by SEBI, and write‑offs reaching Rs 10,110 crore during FY2017–21.