The Enforcement Directorate (ED) has provisionally attached assets worth around Rs 3,084 crore linked to the Anil Ambani-led Reliance Group, including a Mumbai Pali Hill residence, the Reliance Centre in Delhi, and properties across at least eight cities. The move follows orders issued on October 31 under the Prevention of Money Laundering Act.
The attached real estate spans Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari, comprising residential units, offices, and land parcels. The ED’s action is part of an ongoing probe into alleged diversion and laundering of public funds raised by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). Between 2017 and 2019, Yes Bank invested over Rs 5,000 crore in these entities, which later turned non-performing, with substantial amounts outstanding. Investigators allege that funds from public mutual funds were routed indirectly to Anil Ambani’s companies, violating SEBI rules.
The ED claims loans were disbursed without due diligence, with blank or undated security documents, and borrowers with minimal operations. Investigations into Reliance Communications reveal over Rs 13,600 crore diverted through loan evergreening. The agency continues tracing proceeds to protect investors and public interest.
