New Delhi: In a major escalation of its money-laundering probe, the Enforcement Directorate (ED) has provisionally attached assets worth more than Rs 1,400 crore belonging to Anil Ambani and companies in his Reliance Group, official sources said on Thursday. According to reports, some of these assets are in Odisha’s capital, Bhubaneswar, besides Navi Mumbai, Chennai and Pune.
The fresh attachment, carried out under the Prevention of Money Laundering Act (PMLA), raises the total value of assets seized in the ongoing investigation to nearly Rs 9,000 crore.
This action builds on earlier attachment orders by the ED. In previous rounds, the agency had frozen assets worth approximately ₹7,500 crore, which included a mix of residential units, office space, and land parcels across major Indian metros.
The probe centers on alleged irregularities involving Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). As per ED’s investigation, Yes Bank had invested substantial sums in these firms between 2017 and 2019, which later turned non-performing.
A spokesperson for the Reliance Group has not yet issued a response to this latest development.
The Enforcement Directorate’s aggressive asset-seizure drive underscores its push to trace the proceeds of alleged financial crime and strengthen its case against diversion and laundering of public funds.
