NEW DELHI: Because the ED sifts thru voluminous paperwork and virtual data seized from Anil Ambani’s Reliance team entities throughout searches, which started on July 24 and concluded on Sunday, the company, particularly, is taking a look at alleged diversion of Rs 12,000 crore loans by way of Reliance House Finance Ltd (RHFL) to quite a lot of similar entities.ED is being assisted in its process by way of Nationwide Monetary Reporting Authority, CBI, Safety and Alternate Board of India (Sebi) and Nationwide Housing Financial institution, because it comes to misappropriation of enormous public price range. No less than a dozen similar entities of the gang are these days present process insolvency lawsuits, this means that huge haircuts for banks. Resources mentioned 22 people, who’re key control workforce and co-workers of Ambani, have come below the radar of the company and are being investigated, but even so the 60 firms that had been lined throughout the searches lasting over 72 hours.A Sebi investigation record (shared with ED) has highlighted alleged laundering of price range by way of RHFL, which had written off round Rs 7,000 crore out of the Rs 12,000 crore of loans it had prolonged to quite a lot of entities related to the Anil Ambani team. Ambani is already below investigation for his team entity RHFL availing price range of Rs 2,965 crore from Sure Financial institution by way of allegedly paying bribes to its former CEO Rana Kapoor thru his spouse Bindu Kapoor and her firms. Rs 1,353 crore of the Rs 2,965 crore gained from Sure Financial institution has was NPA. A forensic audit, commissioned by way of the financial institution, has additionally concluded diversion of this quantity to similar firms. Reliance Energy and Reliance Infrastructure, in equivalent statements, mentioned, “The corporate and all its officers have absolutely cooperated and can proceed to cooperate with the authority”. At the alleged diversion of Rs 12,000 crore by way of RHFL to similar entities, an organization respectable mentioned, “The account of RHFL has been absolutely resolved with exchange in control pursuant to the judgment of SC in 2023...Allegations of alternative irregularities are sub-judice and as an issue of truth, the Sebi order has been challenged sooner than SAT (Securities Appellate Tribunal) since 2024″.“Sebi vide its order dated Aug 22, 2024, has discovered that RHFL has engaged in a fraudulent scheme to divert price range for the good thing about Ambani and his team firms,” a supply conscious about the probe mentioned.ED is probing similar birthday celebration transactions, during which it used to be discovered that Reliance Infrastructure had gained price range from Crest Logistics and Engineers Pvt Ltd, which in flip had gained price range from a minimum of 4 entities – RPL Megastar Energy Pvt Ltd, RPL Sun Energy Pvt Ltd, Species Business and Trade Pvt Ltd and Worldcom Answers Ltd – they all allegedly related to the Anil Ambani team.In keeping with the Sebi investigation record, the forensic audit of RHFL discovered that “loans of greater than Rs 12,000 crore were prolonged to quite a lot of entities which might be related to the Anil Ambani team. Those firms had a not unusual registered cope with, e-mail ID/area, cope with and administrators”. The Sebi record additional printed that as on Sept 30, 2021, Rs 6,931 crore were declared as NPA/written off by way of RHFL out of loans prolonged to related/related entities of the gang.