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In the news

Reliance Infra Shares Fall 10% in Week Amid ₹3,000 Cr PMLA Case

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ED Charges Reliance Infra in ₹187 Cr NHAI Toll-Road Scam

Reliance Infra shares jump 15% in 3 sessions despite CBI FIR

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NPCIL denies Kudankulam data breach, calls leaked files conventional

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SEBI's Rejection of Reliance Infra Settlement: A ₹6,526 Crore Wake-Up Call

Court Remands Ex-Reliance MD Sateesh Seth to 14 Days Custody

ED Remands Former Reliance Group MD Sateesh Seth for 6 Days

Reliance Infra hits 5% upper circuit, up 33% in 6 days

Reliance Infrastructure stock crashes 79% despite AI subsidiary launch

Reliance Infrastructure Seeks Review of IBC Trading Curb

Reliance Infra faces ₹77.86 cr bank lien over FEMA violations

Reliance Infrastructure hits 5% lower circuit on 79% Q4 profit decline

Reliance Infra Q4 profit crashes 79% YoY to ₹918 cr
Company insights, generated from the most recent coverage.
The Rs 187 crore fraud was a targeted exploitation of project-specific contractual loopholes via fictitious sub-contracting, contrasting with the systemic corporate-level fraud seen in other group entities.
Rs 187 crore diverted from four NHAI toll-road projects via sophisticated layering through shell entities and diamond traders. Fraud executed in a concentrated 2-month window (Sep-Oct 2010) using back-dated documentation and controlled EPC contractors.
Diversion concealed via layering through shell entities and diamond traders; Rs 187 Cr in assets attached including RIL equity.