Did the ED Provisional Attachment of Over 40 Properties of Reliance Anil Ambani Group Exceed Rs 3,000 Crore?
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Synopsis
The Enforcement Directorate's provisional attachment of assets linked to the Reliance Anil Ambani Group raises eyebrows over alleged financial misconduct. With properties valued at over Rs 3,000 crore caught in the crossfire, this high-stakes investigation uncovers potential misuse of public funds and highlights the ongoing scrutiny of the group’s financial dealings.
Key Takeaways
- ED has attached properties worth Rs 3,084 crore.
- Investigation linked to public fund misappropriation.
- Includes properties in Mumbai and New Delhi.
- Ongoing scrutiny of Reliance Group's financial activities.
- Reliance Group denies all allegations.
Mumbai, Nov 3 (NationPress) The Enforcement Directorate (ED) has provisionally attached assets valued at approximately Rs 3,084 crore linked to the Reliance Anil Ambani Group due to alleged misappropriation and laundering of public funds.
The properties involved include a residence situated at Pali Hill, Bandra (West), Mumbai, the Reliance Centre in New Delhi, and various assets spread across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (including Kancheepuram) and East Godavari.
These assets encompass office spaces, residential properties, and land parcels, with a total attached value nearing Rs 3,084 crore.
The attachment orders were issued on October 31, 2025, under Section 5(1) of the Prevention of Money Laundering Act (PMLA).
This case revolves around the alleged diversion and laundering of funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).
Between 2017 and 2019, Yes Bank invested Rs 2,965 crore in RHFL instruments and Rs 2,045 crore in RCFL instruments.
By December 2019, these investments became nonperforming, with outstanding amounts of Rs 1,353.50 crore for RHFL and Rs 1,984 crore for RCFL.
An investigation by the ED uncovered that direct investments from the erstwhile Reliance Nippon Mutual Fund into financial entities of the Anil Ambani Group were not legally permissible due to SEBI’s mutual fund conflict of interest regulations.
In breach of these regulations, public funds invested in the mutual fund were indirectly channeled through Yes Bank exposures, eventually benefitting companies within the Anil Ambani Group.
The inquiry further revealed that funds were funneled indirectly through Yes Bank’s exposures to RHFL and RCFL, while those companies extended loans to entities associated with the Reliance Anil Ambani Group.
Concurrently, the ED has intensified its investigation into the loan fraud scandal involving Reliance Communications Ltd. (RCOM) and affiliated firms.
The ED’s findings indicate that these firms misappropriated over Rs 13,600 crore, used for evergreening loans, with more than Rs 12,600 crore diverted to related parties and upwards of Rs 1,800 crore invested in fixed deposits/mutual funds, which were largely liquidated to reroute funds to group entities.
Moreover, a significant misuse of bill discounting for funneling funds to affiliated parties has also been detected by the ED.
Recently, investigative news outlet Cobrapost alleged that the Reliance Anil Dhirubhai Ambani Group has been involved in a “massive banking fraud exceeding Rs 28,874 crore” since 2006 without repercussions. The Cobrapost report claims the fraud includes siphoning off funds raised through bank loans, IPOs, and bonds by listed companies within the ADA Group.
The Reliance Group has dismissed the Cobrapost report as “a malicious, unfounded, and motivated campaign” orchestrated by the news platform on behalf of its corporate competitors.
Point of View
It is essential to navigate the intricate landscape of financial reporting with integrity and impartiality. The ongoing investigation by the ED into the Reliance Anil Ambani Group underscores the importance of accountability in corporate governance. In a democratic society, transparency and adherence to legal frameworks must prevail to maintain public trust.
NationPress
26/12/2025
Frequently Asked Questions
What properties have been attached by the ED?
The ED has provisionally attached properties including a residence in Pali Hill, Mumbai, the Reliance Centre in New Delhi, and various other assets across multiple cities, totaling about Rs 3,084 crore.
Why is the ED investigating the Reliance Anil Ambani Group?
The investigation stems from allegations of diversion and laundering of public funds raised by Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd.
What is the significance of the Rs 3,084 crore figure?
This figure represents the estimated value of the assets provisionally attached by the ED as part of their ongoing investigation.
How does this affect investors?
Investors should remain vigilant as developments unfold, as the investigation may impact the financial standing and reputation of the Reliance Anil Ambani Group.
What steps are being taken by the Reliance Group in response?
The Reliance Group has publicly dismissed the allegations as baseless and accused the reporting news platform of orchestrating a malicious campaign against them.
