The Rs 3,716-crore Mumbai residence of Anil Ambani is linked to a money laundering investigation.

In a sweeping escalation of its money laundering probe, the Enforcement Directorate has attached Reliance Group chairman Anil Ambani’s 17-storey Mumbai residence ‘Abode’, pegged at Rs 3,716.83 crore, in connection with an alleged bank fraud involving his group company Reliance Communications.

A provisional attachment order under the Prevention of Money Laundering Act (PMLA) has been issued against the 66-meter-tall luxury home in Mumbai’s Pali Hill neighborhood, according to official sources on Wednesday. The assets linked to the lawsuit now total around Rs 15,700 crore as a result of this move.For a second round of interrogation, Ambani, 66, is anticipated to appear before the CBI in Delhi. He had first deposed before the ED in August 2025, when his statement was recorded under the PMLA.

The attachment is a component of a larger investigation by Reliance Communications RCOM into alleged financial irregularities and loan diversion. The ED’s action comes after the Central Bureau of Investigation filed two formal complaints (FIRs) regarding claims of embezzlement, bribery, and misappropriation of public funds by companies under the Reliance Anil Ambani Group, also known as RAAGA enterprises. Under Section 17 of the PMLA, search activities have been carried out at more than 35 locations connected to businesses and group officials. More than 25 people were questioned in Delhi and Mumbai as part of the action, which encompassed more than 50 companies.

Sources claim that a preliminary investigation shows that businesses connected to Ambani participated in a planned plot to siphon loans from Yes Bank totaling over Rs 3,000 crore between 2017 and 2019. Investigators are looking into whether money was round-tripped and transferred through shell companies. Alleged backdated Credit Approval Memorandums, loans sanctioned without due diligence, and disbursements made even prior to formal approvals have also drawn criticism.

A potential quid-pro-quo agreement is also being investigated by officials since money was purportedly received by companies connected to Yes Bank promoters just before loan disbursements. The National Financial Reporting Authority, Sebi, the National Housing Bank, and Bank of Baroda were among the organizations that contributed to the probe.

Another company under investigation is Reliance Home Finance Ltd. (RHFL). According to reports, Sebi noticed a significant increase in RHFL’s corporate loan disbursement from Rs 3,742.60 crore in FY 2017–18 to Rs 8,670.80 crore in FY 2018–19.

Along with claims of accelerated approvals and lending to affiliated parties, the ED is investigating whether this surge was linked to the larger loan diversion scam.According to Reserve Bank of India standards, the action comes after State Bank of India declared Reliance Communications and its promoter, Anil D. Ambani, to be involved in “fraud.” Fund-based loans of Rs 2,227.64 crore and bank guarantees totaling Rs 786.52 crore comprise SBI’s exposure. The bank is getting ready to file a complaint with the CBI after reporting the issue to the RBI.

Reliance Power and Reliance Infrastructure issued a clarification distancing themselves from the investigation.

“It is clarified that Reliance Power and Reliance Infrastructure are a separate and independent listed entity with no business or financial linkage to RCOM or RHFL. RCOM is undergoing Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code, 2016 since over 6 years,” the statement said.

“RHFL has been fully resolved pursuant to the judgment of the Hon’ble Supreme Court of India. Similar allegations as those set out in the media reports are sub-judice and pending before the Hon’ble Securities Appellate Tribunal, as per publicly available information,” it added.

“Further, Mr Anil D Ambani is not on the Board of Reliance Power and Reliance Infrastructure. Accordingly, any action taken against RCOM or RHFL has no bearing or impact on the governance, management, or operations of Reliance Power and Reliance Infrastructure.”

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