Mumbai: The Enforcement Directorate (ED) has seized assets worth ₹3,084 crore from entities of the Reliance Anil Ambani Group over alleged diversion and laundering of public funds. The agency issued the attachment order on October 31, 2025, under the Prevention of Money Laundering Act (PMLA).
Officials said the attached properties include the Pali Hill residence in Bandra, the Reliance Centre in New Delhi, and several assets in Mumbai, Pune, Hyderabad, Chennai, and East Godavari. These comprise office spaces, residential units, and land parcels linked to group companies.
ED’s investigation found that Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL) diverted public funds raised through Yes Bank investments. The probe revealed that the group routed money through indirect channels in violation of SEBI’s mutual fund guidelines, allowing funds to reach Anil Ambani Group companies.
The agency also expanded its inquiry into Reliance Communications Ltd. and related entities for allegedly diverting ₹13,600 crore through loan frauds and fund misuse.
By taking this action, ED attaches Reliance Anil Ambani Group properties to prevent further misuse of assets and to strengthen its case under money laundering laws. The Reliance Group, however, dismissed the allegations, calling them “malicious and baseless.”
–IANS
