ED Attaches ₹3,084 Crore in Reliance Group Properties

The Enforcement Directorate (ED) has provisionally attached more than 40 properties valued at ₹3,084 crore linked to Anil Ambani’s Reliance Group in a significant money laundering probe. The orders were issued on October 31, 2025, under the Prevention of Money Laundering Act (PMLA). The attached properties, including Ambani’s Pali Hill residence, are spread across major Indian cities including Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, and Chennai, comprising office premises, residential units, and land parcels.

Alleged Yes Bank-Reliance Fund Diversion Scheme

The investigation centers on alleged diversion of public money raised by Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL, which subsequently turned into bad loans with ₹1,353.50 crore and ₹1,984 crore remaining unpaid respectively.

The ED found that funds collected through Reliance Nippon Mutual Fund were allegedly channeled indirectly via Yes Bank investments, circumventing SEBI’s conflict-of-interest rules for mutual funds. These funds eventually reached Anil Ambani Group entities through RHFL and RCFL, which provided loans to group-linked companies.

Critical Control Failures Uncovered

ED investigations revealed serious lapses in loan processing, with approvals completed on the same day as applications and funds released before formal sanctioning. Field inspections were skipped, documents were left blank or altered, and borrowing companies were often financially weak. Yes Bank suffered losses exceeding ₹2,700 crore due to alleged criminal conspiracy between former CEO Rana Kapoor and Anil Ambani.

Additionally, ED’s probe into Reliance Communications found over ₹13,600 crore diverted through connected parties, with ₹12,600 crore routed to related entities and ₹1,800 crore invested in financial instruments later liquidated to group companies.