ED attaches 40 assets worth ₹3,000 crore linked to Anil Ambani’s Reliance Group across Delhi, Mumbai, Chennai

The Enforcement Directorate (ED) on Monday said it has attached over 40 properties worth around ₹3,000 crore belonging to entities linked to Anil Ambani’s Reliance Group, in connection with an ongoing money-laundering probe tied to alleged loan irregularities.

According to the agency, the attached assets are located across Mumbai, Delhi, Chennai, Pune, Ghaziabad, Hyderabad, and East Godavari, among other cities. An ED official stated, “The properties are linked to companies under the Reliance ADA Group and their promoters. These have been provisionally attached under the Prevention of Money Laundering Act (PMLA).”

The case originates from a series of loans worth over ₹17,000 crore sanctioned by YES Bank to Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), which later turned into non-performing assets. The ED alleged that funds were “diverted through a complex web of shell companies for personal gain.”

A senior official involved in the investigation said, “There was a clear pattern of loan diversion and round-tripping of laundered funds. The group created layers of entities to disguise the true source and use of the money.”

The agency also claimed that “part of the funds sanctioned by YES Bank were used to repay older debts and for the acquisition of personal assets, including luxury properties.” Among the attached assets are prime real estate holdings in Pali Hill, Mumbai, and commercial spaces across multiple metros.

In its statement, the ED maintained that the attachment was necessary to “safeguard the proceeds of crime and prevent further dissipation of assets.”

While the Reliance Anil Dhirubhai Ambani Group has yet to release an official statement, sources close to the company described the development as “disproportionate and premature,” insisting that “all transactions were conducted transparently and within the law.”

The ED emphasized that investigations are ongoing and “more assets may come under scrutiny as evidence unfolds.”