ED attaches properties worth Rs1120 cr of Anil Ambani:Action taken in money laundering case; assets worth Rs10,117 crore seized by authorities so far

The Enforcement Directorate (ED) has attached assets worth Rs 1,120 crore belonging to Anil Ambani, the Chairman of Reliance Group. The action against the businessman was taken in a money laundering case​.​ Moreover, assets worth Rs 10,117 crore have been seized so far The ED this time has provisionally attached 18 properties, which include the Reliance Centre located at Ballard Estate in Mumbai, several Fixed Deposits (FD), bank balances, and unlisted investments provisionally attached. Additionally, 7 properties belonging to Reliance Infrastructure, 2 properties belonging to Reliance Power, and 9 properties belonging to Reliance Value Services have been frozen. The FDs seized by the authorities belong to Reliance Venture Asset Management Private Limited and Phi Management Solutions Private Limited. READ MORE | SC issues notice to Centre, ED, CBI, and Anil Ambani Previously attached properties of Anil Ambani Previously, in cases related to bank loan fraud, the ED had attached assets worth over Rs 8,997 crore belonging to Reliance Communications, Reliance Commercial Finance, and Reliance Home Finance. On November 20 this year, the ED had attached properties worth about Rs 1,400 crore linked to Anil Ambani. These properties are located in Navi Mumbai, Chennai, Pune, and Bhubaneswar. Similarly, on November 3, in a fund diversion case, 132 acres of land linked to Anil Ambani’s Reliance Group was attached. This land is in Dhirubhai Ambani Knowledge City (DAKC) Navi Mumbai, with a value of Rs 4,462.81 crore. In addition, more than 40 properties associated with the group were also attached. These properties include Anil Ambani’s Pali Hill house. The total value of the attached properties was stated to be Rs 3,084 crore. READ MORE | From Bhajiya truck to Reliance, the journey of Dhirubhai Ambani Investigation reveals misuse of funds ED’s investigation found that there was large-scale misuse of funds in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL). Between 2017 and 2019, Yes Bank invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL, but by December 2019, these amounts became Non-Performing Assets (NPAs). Rs 1,353 crore of RHFL and Rs 1,984 crore of RCFL are still outstanding. In total, Yes Bank incurred a loss of over Rs 2,700 crore. According to the ED, these funds were diverted to other companies of the Reliance Group. Several irregularities were also found in the loan approval process, such as some loans were applied, approved, and disbursed on the same day. Field checks and meetings were skipped. Documents were found blank or dateless. ED has called this an ‘intentional control failure’. The investigation is ongoing under Section 5(1) of PMLA, and attachment orders were issued on October 31, 2025.