ED Attaches Rs 581 Crore Properties Linked to Reliance Anil Ambani Group Firms:

ED Attaches Rs 581 Crore Properties Linked to Reliance Anil Ambani Group Firms The Directorate of Enforcement (ED) has temporarily attached 31 properties worth about Rs 581.65 crore connected to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). These properties are mainly of land parcels located in many states, such as Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh, and Rajasthan. This action came after search operations carried out on March 6, 2026, related to Reliance Power Limited under the Foreign Exchange Management Act (FEMA).

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Earlier, the ED had already attached properties worth more than Rs 15,729 crore in bank fraud cases involving RCFL, RHFL, and Reliance Communications Limited. With the latest action, the total value of assets attached from companies linked to the Reliance Anil Ambani Group has reached about Rs 16,310 crore. The Enforcement Directorate (ED), in its investigations, also froze or seized assets valued at Rs 2.48 crore. This included fixed deposits, mutual funds, and cash, all under the Prevention of Money Laundering Act (PMLA) and FEMA. Additionally, Rs 77.86 crore in 13 bank accounts belonging to Reliance Infrastructure Limited was seized under FEMA. The investigation began on July 22, 2025, after several cases were filed by the Central Bureau of Investigation (CBI). These cases were based on complaints from Yes Bank, Union Bank of India, and Bank of Maharashtra. According to the investigation, RHFL and RCFL borrowed large amounts of money from banks and financial institutions.

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However, more than Rs 11,000 crore of this money became non-performing assets (NPAs), meaning the loans were not repaid. The ED found that these funds were diverted to other companies within the Reliance Anil Ambani Group, such as Reliance Infrastructure, Reliance Power, Reliance Communications, and Reliance Capital Limited. Investigators say the money was moved through many shell or dummy companies controlled by the group. These companies had almost no real business or financial strength, which suggests they were used to secretly move and hide the funds. Based on this evidence, the ED believes that the promoters and key people involved intentionally diverted public money. The attached properties are considered "proceeds of crime". The ED says it will continue investigating and work to recover the money so it can eventually be returned to the rightful claimants, such as banks. Further investigation is still ongoing.