Anil Ambani’s assets worth ₹1,400 crore seized in latest action:Total attachments reach ₹9,000 crore in money laundering probe

In latest seizures as part of its ongoing money laundering investigation, the Enforcement Directorate (ED) has attached properties worth around ₹1,400 crore linked to Anil Ambani and his Reliance Group of companies. According to PTI, these properties—located in Navi Mumbai, Chennai, Pune, and Bhubaneswar—have been seized as part of the probe into alleged misappropriation of funds in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL). With this move, the total value of assets attached in the case has now risen to approximately ₹9,000 crore. Previous Attachments This is not the first action in the investigation. On November 3, the ED attached 132 acres of land belonging to the Reliance Group in the fund diversion case. The land—located within Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai—is valued at ₹4,462.81 crore. Additionally, more than 40 other properties, including Anil Ambani’s Pali Hill residence, were also seized earlier. The combined value of these previously attached assets was reported to be ₹3,084 crore. Investigation Reveals Large-Scale Misuse of Funds The Enforcement Directorate (ED) has uncovered significant irregularities in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL). Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL. However, by December 2019, these loans had turned into Non-Performing Assets (NPAs). RHFL still owes ₹1,353 crore, while RCFL has ₹1,984 crore outstanding, resulting in a loss of more than ₹2,700 crore for Yes Bank. According to the ED, a significant portion of these funds was diverted to other Reliance Group companies. The probe also exposed severe lapses in the loan approval process — in several cases, loans were applied for, approved, and disbursed on the same day. Field verifications and meetings were skipped, and many documents were found blank, incomplete, or undated. The ED has described this as an “Intentional Control Failure.” The investigation continues under Section 5(1) of the Prevention of Money Laundering Act (PMLA), with attachment orders issued on October 31, 2025. The Fund Diversion Case Explained in 3 Questions 1. Why did the ED take action against Anil Ambani? The case stems from loans worth about ₹3,000 crore issued by Yes Bank to Reliance Group companies linked to Anil Ambani between 2017 and 2019. ED’s preliminary investigation suggests these loans were diverted to shell companies and other group entities, and that senior Yes Bank officials may have been bribed. 2. What else did the ED uncover? The ED states that this was a “well-planned scheme” designed to siphon funds by misleading banks, shareholders, investors, and institutions. Key findings include: 3. What role does the CBI play in this case? The CBI registered two FIRs related to separate loans issued by Yes Bank to RHFL and RCFL. Both cases name former Yes Bank CEO Rana Kapoor. Following this, agencies such as the National Housing Bank, SEBI, National Financial Reporting Authority, and Bank of Baroda shared additional information with the ED. The ED is now leading the investigation based on these inputs.