The Enforcement Directorate (ED) has provisionally attached over 40 prime properties worth Rs 3,084 crore linked to Reliance Group Chairman Anil Ambani and his family entities, intensifying a money laundering investigation under the Prevention of Money Laundering Act (PMLA). The four attachment orders, issued on October 31, 2025, cover Ambani’s luxurious Pali Hill residence in Mumbai, the iconic Reliance Centre on Delhi’s Maharaja Ranjit Singh Marg, and a network of residential and commercial assets across Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari, freezing a significant chunk of the tycoon’s real estate portfolio.
The probe centers on alleged diversion of public funds through Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), where Yes Bank—under former co-founder Rana Kapoor—invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL between 2017 and 2019. These loans turned non-performing by December 2019, leaving over Rs 3,300 crore unpaid. ED claims irregularities exceeding Rs 17,000 crore across group companies, including Rs 13,600 crore in evergreening, Rs 12,600 crore siphoned to connected entities, and Rs 1,800 crore routed through fixed deposits and mutual funds in violation of SEBI norms.
The crackdown follows ED’s August questioning of Ambani and July raids at 35 Mumbai locations tied to his firms. The case stems from a 2020 CBI FIR into the Yes Bank-Reliance nexus, with further scrutiny on Reliance Communications Ltd (RCOM) revealing over Rs 13,600 crore in diverted funds via bill discounting and related-party transactions. The agency alleges a systematic scheme to defraud public investors and erode financial stability.
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Online reactions erupted instantly, with NDTV’s breaking video clip gaining over 2,800 views in hours. Users on X called it the “fall of a titan,” while posts from @finowings and @business_mocker noted sharp dips in Reliance group stocks. Media handles like @NewIndianXpress and @TheFederal_News amplified the story, sparking debates on corporate governance and regulatory oversight.
This sweeping asset freeze marks a pivotal moment in ED’s crackdown on financial misconduct, signaling zero tolerance for high-profile violations and raising questions about the future of Anil Ambani’s debt-laden conglomerate amid ongoing insolvency battles.
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