2 months ago
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The Enforcement Directorate has provisionally attached 31 immovable properties worthy ₹581.65 crore successful a lawsuit allegedly linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The cumulative attachment linked to the Reliance Anil Ambani Group has present reached ₹16,310 crore, the bureau said connected Thursday (March 12, 2026).
The attached properties are successful the signifier of onshore parcels located successful Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh, and Rajasthan. The attachment follows hunt operations conducted connected March 6 successful a substance relating to Reliance Power Limited nether the Foreign Exchange Management Act (FEMA), it said.
The ED had earlier attached assets valued astatine much than ₹15,729 crore successful slope fraud cases allegedly related to RCFL/RHFL and Reliance Communications Limited (RCom). “...during the people of hunt operations nether Prevention of Money Laundering Act (PMLA) and FEMA, assets amounting to ₹2.48 crore successful the signifier of fixed deposits, communal funds, and currency were frozen oregon seized... the ED has besides seized balances successful 13 slope accounts of Reliance Infrastructure Limited (R-Infra) to the tune of ₹77.86 crore nether Section 37A of FEMA,” the bureau said.
According to the ED, RHFL, and RCFL had raised nationalist funds from aggregate banks and fiscal institutions, and much than ₹11,000 crore of these funds turned into non-performing assets.
As alleged, the funds were diverted to assorted Reliance Group companies, specified arsenic Reliance Infrastructure Limited, Reliance Power Limited, RCom, and Reliance Capital Limited. A ample fig of ammunition oregon dummy entities “controlled and managed by Reliance Anil Ambani Group” were allegedly used.
