40 properties belonging to Anil Ambani’s Reliance Group seized:Pali Hill house included, total estimated value equals around ₹3,000 crore

The Enforcement Directorate (ED) has attached more than 40 properties belonging to Anil Ambani’s Reliance Group. These properties include Anil Ambani’s Pali Hill house. The total value of these assets is being estimated to be around ₹3,084 crore. This action has been taken in the money laundering case, which includes the case of Yes Bank loan and fund diversion of Reliance Communications (RCOM). These orders were issued under Section 5(1) of the Prevention of Money Laundering Act (PMLA) on October 31, 2025. The ED says these steps are necessary to recover public money. ED investigation reveals fund diversion The ED has found significant misappropriation of funds at Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) in its investigation. Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL. But by December 2019, these amounts had become non-performing assets (NPAs). RHFL’s outstanding debt is still ₹1,353 crore, while RCFL’s debt remains ₹1,984 crore. In total, Yes Bank suffered losses of over ₹2,700 crore. According to the ED, these funds were diverted to other Reliance Group companies. Other than the main concern, the authorities also found numerous irregularities in the loan approval process. For example, some loans were applied for, approved, and disbursed on the same day. Field checks and meetings were skipped. Documents were found to be blank or dateless. The ED has described this as an “intentional control failure.” The investigation is being conducted under Section 5(1) of the PMLA, and the attachment orders were issued on October 31, 2025. Details of attached properties: Spread from Delhi to Chennai The attached properties are located in cities such as Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kanchipuram, and East Godavari. They include residential units, office space, and land parcels. Anil Ambani’s Pali Hill residence is the most high-profile amongst the attached properties. The ED is focused on tracing the proceeds of crime so that more properties can be attached. So far, properties worth ₹3,084 crore have been attached. The whole matter in 3 questions and answers: Question 1: Why did ED take action against Anil Ambani? Answer: The matter is related to a loan of about Rs 3,000 crore given by Yes Bank to Reliance Group companies linked to Anil Ambani between 2017 and 2019. The ED’s preliminary investigation revealed that these loans were allegedly diverted to shell companies and other group entities. The investigation also revealed that bribes may have been paid to senior Yes Bank officials. Question 2: What else came to light in the ED investigation? Response: The ED says this was a “well-planned and well-orchestrated” scheme to defraud banks, shareholders, investors, and other public institutions. The investigation uncovered several irregularities, including: Question 3: What is the role of CBI in this matter? Answer: The CBI filed FIRs in two cases. These cases relate to two separate loans disbursed by Yes Bank to Reliance Home Finance Limited and Reliance Commercial Finance Limited. In both cases, the CBI named former Yes Bank CEO Rana Kapoor. Subsequently, an official said, other agencies and institutions, including the National Housing Bank, SEBI, the National Financial Reporting Authority, and Bank of Baroda, also shared information with the ED. The ED is now investigating the matter.