The Central Bureau of Investigation (CBI) is reportedly examining the possibility of launching a formal probe into Mukesh Ambani-led Reliance Industries Limited (RIL) over alleged regulatory and financial irregularities, according to senior government sources.
Preliminary findings from internal audits and inputs from multiple agencies have raised concerns regarding compliance issues in select business divisions of Reliance, particularly in its energy and telecom ventures. Officials familiar with the matter stated that the Finance Ministry has shared initial details with the CBI for further assessment.
If approved, the probe could focus on allegations related to pricing mechanisms, foreign investments, and policy advantages gained during previous government tenures. However, no formal case has yet been registered, and officials emphasized that the matter remains under preliminary review.
Reliance Industries, in response to the reports, issued a brief statement calling the claims “baseless and speculative.” The company reiterated that it operates in full compliance with Indian laws and is fully transparent in its financial and corporate disclosures.
A senior CBI official, speaking on condition of anonymity, confirmed that “no FIR has been filed yet, but the information is being verified.” The development has triggered sharp reactions in political and corporate circles, with opposition leaders demanding a transparent investigation and market analysts closely watching for any impact on Reliance’s stock performance.
If the probe proceeds, it could become one of the most high-profile investigations into a private conglomerate in recent years, potentially reshaping the regulatory landscape for large Indian corporations.
