ED attaches assets worth over ₹3,000 crore in money laundering case against Anil Ambani

By Admin

03 Nov, 2025

In a major development, the Enforcement Directorate (ED) has attached assets valued at over ₹3,000 crore belonging to Reliance Group Chairman Anil Ambani in connection with an alleged money laundering case. The move comes as part of a probe into financial irregularities involving Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).

ED Issues Provisional Orders Under PMLA
According to official sources, the ED has issued four provisional attachment orders under the Prevention of Money Laundering Act (PMLA), covering properties linked to Anil Ambani and his group companies. The attached assets include the 66-year-old business tycoon’s residence in Pali Hill, Mumbai, along with several residential and commercial properties across key Indian cities.

Assets Across Multiple Locations Seized
Among the properties attached are a plot of land belonging to Reliance Centre on Maharaja Ranjit Singh Marg in Delhi, as well as several assets in Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari. The total value of these attached assets is reported to be ₹3,084 crore.

Alleged Diversion of Public Funds
The case revolves around the alleged diversion and laundering of public funds raised by RHFL and RCFL. Between 2017 and 2019, Yes Bank reportedly invested ₹2,965 crore in RHFL instruments and ₹2,045 crore in RCFL instruments. By December 2019, these investments turned into non-performing assets (NPAs), with ₹1,353.50 crore outstanding for RHFL and ₹1,984 crore for RCFL, as per ED findings.

Irregularities Amounting to ₹17,000 Crore
The ED’s investigation indicates alleged financial irregularities and loan diversions amounting to over ₹17,000 crore across multiple Reliance Group companies, including Reliance Infrastructure. The agency suspects that the funds raised through public investments and loans were misused or diverted for non-business purposes.

Earlier Raids and Interrogation
In July this year, the ED conducted searches at 35 premises associated with 50 companies and 25 individuals, including top executives from Ambani’s group firms, across Mumbai. Following these raids, Anil Ambani was questioned by the agency in August in connection with the ongoing probe.

Origin of the Case
The money laundering case originates from an FIR filed by the Central Bureau of Investigation (CBI), which flagged serious financial discrepancies in the functioning of RHFL and RCFL. The ED subsequently initiated its own investigation under the PMLA, leading to the current attachments.

The latest action marks a significant escalation in the financial probe against Anil Ambani and his group companies, as authorities tighten scrutiny over corporate governance and misuse of public funds in India’s financial sector.