ED cracks down on Anil Ambani Group, seizes 40 properties worth ₹3,084 crore
New Delhi (The Uttam Hindu): The Enforcement Directorate (ED) has taken major action against the Anil Ambani-owned Reliance Group. The agency has seized assets belonging to the group worth approximately ₹3,084 crore. The action was taken under Section 5(1) of the Prevention of Money Laundering Act (PMLA) based on orders issued on October 31, 2025. The seized assets include Anil Ambani's residence at Pali Hill in Bandra West, Mumbai.
ED takes major action against Anil Ambani Group, seizes over 40 properties worth Rs 3,084 crore: The properties seized by the ED include a residence in Pali Hill, Mumbai, a property in Reliance Centre, New Delhi, and several other offices, residential units, and plots located in Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (including Kanchipuram) and East Godavari. All these properties have been attached under four separate orders.
The action comes as part of a money laundering investigation into the alleged misuse of public funds raised by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The ED has provisionally seized more than 40 properties belonging to the group in this case. The investigation alleges that funds raised by RHFL and RCFL were diverted and laundered to other group companies.
According to the information, between 2017 and 2019, Yes Bank invested ₹2,965 crore and ₹2,045 crore in companies linked to RHFL and RCFL, respectively. By December 2019, these investments had become NPAs. At that time, RHFL had outstanding dues of ₹1,353.50 crore and RCFL had outstanding dues of ₹1,984 crore.
The Enforcement Directorate (ED) has now expanded its investigation to Reliance Communications Limited (RCom) and its subsidiaries. According to the agency, the investigation has uncovered loan fraud of over ₹13,600 crore. Of this, approximately ₹12,600 crore was transferred to related parties, while ₹1,800 crore was transferred through fixed deposits and mutual funds before being disbursed to other group companies.
The ED said the investigation has revealed misuse of the bill discounting process to funnel funds to related entities under the guise of legitimate transactions. The agency said it is working relentlessly to secure the attachment of illegal assets and recovery of public money from them.
The ED has previously taken several actions against Anil Ambani and his group. On August 5, 2025, the agency summoned Anil Ambani for questioning in an alleged loan fraud case. Prior to that, on July 24, the ED raided the premises of 50 business companies and 25 individuals associated with the Reliance Group, including at least 35 locations in Mumbai.