ED Attaches ₹3,084 Cr Worth of Anil Ambani Group Assets
Properties across nine cities, including Mumbai and Delhi, linked to alleged diversion of public funds by RHFL and RCFL
- ED attaches assets worth ₹3,084 crore of Anil Ambani-led Reliance Group.
- Properties in Delhi, Mumbai, Hyderabad, and other cities included in the attachment.
- Probe linked to alleged laundering of funds via Yes Bank investments in RHFL, RCFL.
- ED finds diversion of ₹13,600 crore and “control failures” across group entities.
GG News Bureau
Mumbai, 3rd Nov: The Enforcement Directorate (ED) has provisionally attached assets worth around ₹3,084 crore belonging to the Anil Ambani-led Reliance Group in connection with an ongoing money laundering investigation. The attached properties include a family residence in Mumbai’s Pali Hill, the Reliance Centre in Delhi, and several assets spread across nine cities, including Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari in Andhra Pradesh.
The attachments, issued on October 31 under the Prevention of Money Laundering Act (PMLA), cover residential units, office spaces, and land parcels linked to the Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) cases.
According to the ED, the action follows evidence of diversion and laundering of public funds raised by RHFL and RCFL between 2017 and 2019. The probe revealed that Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL through financial instruments, which later turned non-performing. Funds collected through Reliance Nippon Mutual Fund were allegedly routed indirectly via Yes Bank’s exposure to RHFL and RCFL, eventually benefiting Anil Ambani’s companies, in violation of SEBI’s conflict-of-interest rules.
Investigators have cited “large-scale diversion” of funds, on-lending to connected entities, and lack of due diligence in loan disbursement. The ED also uncovered loans sanctioned before application, blank security documents, and borrowers with little or no business activity.
The agency further expanded its investigation into Reliance Communications Limited, finding alleged loan frauds exceeding ₹13,600 crore. Of this, ₹12,600 crore was reportedly routed to connected parties, while ₹1,800 crore was invested in fixed deposits and mutual funds, later liquidated to benefit group firms.
The ED said it continues to trace proceeds of crime and secure assets to protect investors’ interests and public funds.
