Enforcement Directorate Attaches Over 40 Properties of Anil Ambani Group Worth ₹3,000 Crore in Money Laundering Probe

In a significant escalation of regulatory scrutiny, the Enforcement Directorate (ED) has attached assets worth approximately ₹3,000 crore belonging to entities associated with industrialist Anil Ambani’s Reliance Group. The attached properties include the iconic family residence in Pali Hill, Mumbai, numerous commercial and residential assets spread across major cities including Delhi, Noida, Mumbai, Pune, Hyderabad, and Chennai.

The ED’s actions stem from its investigation under the Prevention of Money Laundering Act (PMLA) into alleged diversion of public money by the group. The probe revealed complex fund diversion mechanisms where large bank loans, initially raised by group companies like Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), were reportedly routed through shell companies and subsidiaries, leading to significant financial irregularities.

Besides asset attachment, Anil Ambani faces travel restrictions and has been subject to multiple interrogations. His close associates have also been questioned in connection with the case. The ED continues to pursue further asset attachments as the investigation unfolds.

Key Highlights

ED provisionally attached 40+ properties linked to Anil Ambani Group worth ~₹3,000 crore.​

Properties include residential, commercial units across Mumbai, Delhi, Pune, Hyderabad, Chennai, and more.​

Probe covers alleged diversion and laundering of ₹20,000+ crore in bank funds.​

Investigation based on CBI FIRs alleging major loan frauds involving group companies RHFL and RCFL.​

Anil Ambani under travel ban; associates grilled by ED as probe intensifies.​

More asset attachments expected as the investigation progress.​

Sources: Reuters, The Economic Times, Hindustan Times, NDTV Profit, Moneylife