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India Business News: Stock market today: India's benchmark equity indices, BSE Sensex and Nifty50, opened lower on Thursday amid mixed global cues, pulled down by informat
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The Essel Group is promoted by media baron Subhash Chandra and owns stake in leading media and entertainment companies which includes - Zee Entertainment Enterprises Ltd, Zee Media Corporation and Dish TV.
The probe is based on an FIR registered by EOW, Delhi Police, in which Religare Finvest Ltd (RFL) made allegations against four companies of hatching a criminal conspiracy and causing wrongful loss to RFL by defaulting on a loan of Rs 150 crore.
The Enforcement Directorate (ED) conducted searches on Essel Group-linked entities in relation to money laundering involving Religare Finvest Ltd. The Religare group granted ₹150 crore loans to Essel companies in 2014, allegedly defaulted through a fraudulent settlement agreement in 2018.