ED Seizes Fresh Assets In Probe Against Reliance Anil Ambani Group

The Enforcement Directorate (ED) has provisionally attached assets worth Rs 1,021 crore in its ongoing money laundering investigation linked to the Reliance Anil Dhirubhai Ambani Group. The latest action, taken under the Prevention of Money Laundering Act (PMLA), includes equity shares of Reliance Power held by Reliance Infrastructure and certain loan receivables connected with Sasan Power and Reliance Power.

The ED said the attachment is part of a broader investigation into alleged financial irregularities involving companies associated with the Reliance Anil Ambani Group. The probe originated from a Central Bureau of Investigation (CBI) FIR against Reliance Home Finance Ltd and Reliance Commercial Finance Ltd, following allegations of misuse of funds.

According to the agency, the investigation has uncovered alleged diversion of public funds amounting to Rs 15,548 crore through a network of shell entities and group companies. The ED is examining financial transactions, fund flows and the role of various entities linked to the group as part of its ongoing money laundering investigation.

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The agency said it is currently investigating multiple cases related to the group, including four cases under the PMLA and three matters under the Foreign Exchange Management Act (FEMA). With the latest provisional attachment, the total value of assets attached in the money laundering case has increased to Rs 20,367 crore.

The ED has so far filed four prosecution complaints before the court and arrested eight individuals in connection with the investigation. Separately, the agency has also attached properties worth Rs 77.86 crore under FEMA as part of its action in related matters.

The investigation remains ongoing as authorities continue to examine alleged financial dealings and the involvement of different entities connected with the Reliance Anil Ambani Group. The company and its representatives have responded to earlier allegations in related proceedings, while the matters continue to be examined by central investigative agencies.

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