New Delhi: The Directorate of Enforcement (ED) has provisionally attached over 40 properties of Reliance Anil Ambani Group worth over ₹3,000 crores since Sunday, officials confirmed.
These include the Pali Hill residence of the Ambani family in Mumbai and properties at Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, Kancheepuram and East Godavari.
“The property that has been provisionally attached is worth nearly Rs 3,084 crore. These are linked to entities of the Reliance Anil Ambani Group. The orders were issued on October 31, 2025 under Section 5(1) of the Prevention of Money Laundering Act (PMLA). These assets include office premises, residential units and land parcels,” an official said.
The case concerns the alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL). During 2017–2019, Yes Bank invested Rs 2,965 crore in RHFL instruments and Rs 2,045 crore in RCFL instruments. These turned into nonperforming investments by December 2019, with Rs 1,353.50 crore then outstanding for RHFL and Rs 1,984 crore for RCFL.
According to ED, direct investment by the erstwhile Reliance Nippon Mutual Fund into Anil Amani Group financial companies was not legally possible due to SEBI’s mutual fund conflict of interest framework. In violation of these guidelines the money invested by general public in the mutual fund was routed indirectly through Yes Bank exposures, which ultimately landed with Anil Ambani Group companies, it has been alleged.
The investigation has allegedly revealed that funds were routed indirectly through Yes Bank’s exposures to RHFL and RCFL, while RHFL and RCFL extended loans to entities linked to the Reliance Anil Ambani group.
“The fund tracing by ED found diversion of funds, lending to group-linked entities and ultimate siphoning off. Substantial portions of corporate loans (General Purpose Corporate Loans) ultimately landed in accounts of Reliance group companies. While extending these loans, serious control failures were found by ED. The loans to group-linked companies were speed processed without core prudential checks,” the official said.
“Many loans were processed on the same day as application, sanction and agreement, and in some cases, disbursal preceded sanction. The funds were advanced even before the application for loan, which can be possible only if the applicant time travelled. Field investigation and personal discussions were waived. Documents were left blank, overwritten and undated. Several borrowers had weak financials or negligible operations. Security creation was inadequate or unregistered, and security schedules were left blank, the end use did not match the sanction conditions. ED found these intentional and consistent control failures,” he added.
The agency has also intensified it’s probe in the alleged Reliance Communications Ltd (RCOM) and related companies loan fraud scam. ED has found that these companies diverted over Rs 13,600 crore used in evergreening loans. Over Rs 12,600 crore was diverted to connected parties and over Rs 1,800 crore was invested in FDs/MFs etc, which was substantially liquidated for rerouting to group entities. Huge misuse of bill discounting for the purpose of funneling funds to connected parties has also been detected by ED, it has been claimed.
Apart from the property at Pali Hill, Nagin Mahal offices in Churchgate, Mumbai, flats in BHA Millennium Tower in Noida, Camus Capri Apartments in Hyderabad, Reliance Centre in New Delhi, land parcels in East Godavari, and premises in Pune and Thane were also provisionally attached
