MUMBAI: The Enforcement Directorate (ED) has intensified its crackdown on Reliance Group Chairman Anil Ambani’s business entities, attaching over 40 assets related to the group valued at more than ₹3,084 crore as part of a major money laundering investigation.
The provisional attachment, executed on October 31, 2025, under Section 5(1) of the Prevention of Money Laundering Act (PMLA), is linked to the alleged Yes Bank-Reliance loan fraud case.
The seized properties include Ambani’s residential unit in Pali Hill, Mumbai, as well as various offices, residential units, and land parcels across several cities, including Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, Kancheepuram, and East Godavari.
The Yes Bank-Reliance Loan Fraud Case
The current probe centers on the diversion of public funds by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). Between 2017 and 2019, Yes Bank invested approximately ₹2,965 crore in RHFL and ₹2,045 crore in RCFL. These investments subsequently turned into Non-Performing Assets (NPAs) by December 2019.
The ED investigation revealed that funds raised by the Reliance Anil Ambani Group via mutual funds were routed through Yes Bank into the group’s companies to bypass SEBI regulations. Furthermore, RHFL and RCFL allegedly used these funds to grant loans to other connected entities within the Reliance Anil Ambani Group. The ED highlighted several irregularities in the loan sanctions, including the rapid approval of loans, inadequate due diligence, and failure to register collateral.
RCom Fraud Investigation Also Escalates
The ED has also ramped up its inquiry into the loan fraud involving Reliance Communications Limited (RCOM). The agency found that the company allegedly diverted over ₹13,600 crore, of which approximately ₹12,600 crore was routed to related parties. The ED stated that the assets attached in these cases would ultimately benefit the general public.
