6 months ago
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The Enforcement Directorate (ED) has attached assets worthy much than ₹3,000 crore linked to Reliance Group Chairman Anil Ambani as portion of a wealth laundering probe against his radical companies, authoritative sources said connected Monday (November 3, 2025).
The national probe bureau has issued 4 provisional orders nether the Prevention of Money Laundering Act (PMLA) for attaching the properties, including the 66-year-old Ambani's location successful Pali Hill, Mumbai, isolated from different residential and commercialized properties of his radical companies, they said.
A crippled of onshore belonging to Reliance Centre connected Maharaja Ranjit Singh Marg successful Delhi and aggregate different assets successful the nationalist capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai and East Godavari person besides been attached.
According to the sources, the full worth of the attached assets is ₹3,084 crore.
The lawsuit pertains to alleged diversion and laundering of nationalist funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).
During 2017-2019, Yes Bank invested ₹2,965 crore successful RHFL instruments and ₹2,045 crore successful RCFL instruments.
These turned into "non-performing" investments by December 2019, with ₹1,353.50 crore past outstanding for RHFL and ₹1,984 crore for RCFL, according to the ED.
The enactment against Ambani pertains to alleged fiscal irregularities and corporate indebtedness "diversion" pegged astatine much than ₹17,000 crore by aggregate radical companies, including Reliance Infrastructure.
The businessman was questioned successful the lawsuit by the ED successful August.
This came aft the bureau searched 35 premises of 50 companies and 25 people, including executives of his concern group, successful Mumbai connected July 24.
The ED's wealth laundering lawsuit stems from a Central Bureau of Investigation FIR.
