₹41,000 Crore Fraud Shock: Anil Ambani Takes Media Giants to Court in Defamation Battle!

Law/Court

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Updated on 13 Nov 2025, 11:09 am

Reliance Group Chairman Anil Ambani has initiated a defamation case before a Delhi court, targeting Cobrapost, Bennett Coleman and Company Limited (publishers of The Economic Times and The Times of India), and Live Media & Publishers Pvt Ltd, along with unnamed defendants identified as John Doe. The legal action, heard by Senior Civil Judge Vivek Beniwal at Karkardooma Courts, is a response to a Cobrapost report dated October 30. This report alleged that Ambani's Reliance Group committed financial fraud exceeding ₹41,921 crore by diverting funds from its companies since 2006. Ambani's legal team argues that these allegations, which were also covered by other publications like The Economic Times, have caused significant damage to his reputation. A detailed order is pending, with the next hearing scheduled for November 17.

Impact This news primarily impacts the reputation of Anil Ambani and his group, as well as the media entities involved. It could affect investor sentiment towards Reliance Group companies if the allegations gain further traction or if the legal proceedings become protracted. While not directly causing immediate stock price movements, it introduces reputational risk and legal uncertainty. Rating: 5/10

Difficult Terms: Defamation: An act of communicating a statement that injures a person's reputation. Senior Civil Judge: A judge who presides over civil cases in a district court, often handling matters of significant monetary value or legal complexity. John Doe parties: Placeholder names used in legal proceedings when the true identity of a defendant is unknown or cannot be readily ascertained.