CBI flags interlinked transactionsof Reliance ADA, Yes Bank, RNMF
The Central Bureau of Investigation’s (CBI) chargesheet against Anil Ambani’s Reliance ADA Group and Yes Bank cofounder Rana Kapoor claims to have uncovered a carefully structured quid pro quo arrangement designed to serve their business interests and conceal financial stress through the misuse of public money.
According to the agency, funds were repeatedly disbursed, recycled, and repaid among ADA Group companies, Yes Bank, and Reliance Nippon Asset Management (RNAM) — an asset management company jointly owned at the time by Reliance Capital and Japan’s Nippon Life Insurance.
According to the agency, funds were repeatedly disbursed, recycled, and repaid among ADA Group companies, Yes Bank, and Reliance Nippon Asset Management (RNAM) — an asset management company jointly owned at the time by Reliance Capital and Japan’s Nippon Life Insurance.
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