ED Clamps Down: ₹1,120 Cr Reliance Anil Ambani Assets Frozen in Yes Bank Fraud Probe!

Major Asset Seizure

India's Enforcement Directorate escalated its crackdown on financial irregularities by Reliance Anil Ambani Group companies, targeting assets tied to alleged bank fraud involving Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), and Yes Bank. The fresh provisional attachments under Prevention of Money Laundering Act (PMLA) highlight fraudulent diversions, pushing cumulative seizures past ₹10,000 crore. This action underscores regulatory resolve against evergreening loans and fund siphoning in high-profile probes.​

 

Key Highlights

Sources: Indian Express, News on AIR, The Statesman, Hindu BusinessLine​