ED Attaches ₹3,084 Crore Worth of Assets Linked to Anil Ambani in Money Laundering Probe
Money Laundering Case: ED Seizes ₹3,000 Crore Properties Linked to Anil Ambani: In a major development, the Enforcement Directorate (ED) has attached assets worth over ₹3,084 crore belonging to Reliance Group Chairman Anil Ambani and his group companies, as part of an ongoing money laundering investigation. According to reports from news agency PTI, the agency issued four provisional attachment orders under the Prevention of Money Laundering Act (PMLA). The attached properties include Ambani’s residence at Pali Hill in Mumbai, along with other residential and commercial properties in Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari.
The case pertains to alleged misappropriation and diversion of public funds by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) — both part of the Reliance Group. Between 2017 and 2019, Yes Bank reportedly invested around ₹5,000 crore in these firms, of which over ₹3,300 crore turned into non-performing assets (NPAs) by the end of 2019. The ED alleges that these funds were not used for their intended purposes but were diverted through multiple companies, leading to significant financial irregularities.
The latest action follows a series of searches conducted by the ED in July across 35 locations in Mumbai, involving officials linked to around 50 companies associated with the group. Anil Ambani himself was questioned by the agency in August regarding the case. The money laundering investigation stems from an FIR filed by the Central Bureau of Investigation (CBI), alleging a diversion of over ₹17,000 crore in collective loans. The ED’s move marks another serious step in its probe into the financial dealings of the Reliance Group’s non-banking finance arms.
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