Winning Bizness Desk

Mumbai.The Enforcement Directorate has attached fresh properties worth Rs 1,120 crore linked to Anil Ambani-led Reliance Group, expanding its ongoing money laundering investigation. With this action, the total value of seized assets against the group has risen to more than Rs 10,117 crore. The latest attachments include the Reliance Centre at Mumbai’s Ballard Estate, fixed deposits, bank balances and several unlisted investments across multiple group companies.

Fresh ED action covers key commercial assets

The ED said its latest order covers 18 properties spread across Reliance Infrastructure, Reliance Power and Reliance Value Services. These include:

• Reliance Infrastructure: 7 properties
• Reliance Power: 2 properties
• Reliance Value Services: 9 properties
• Additional FDs and investments of other Reliance entities

The agency has also frozen investments belonging to Reliance Venture Asset Management Private Limited and Phi Management Solutions Private Limited. Officials said these properties have been provisionally attached under provisions of the Prevention of Money Laundering Act.

Earlier actions in loan fraud cases

Before this development, the agency had already attached assets worth more than Rs 8,997 crore in connection with loan fraud cases involving Reliance Communications, Reliance Commercial Finance and Reliance Home Finance. These attachments included prime land parcels, corporate assets and personal properties.

• Properties earlier attached: Over Rs 8,997 crore
• Linked firms: RCom, RCFL, RHFL
• Action triggered by bank loan defaults and financial irregularities

Multiple seizures across cities this year

In November alone, the agency attached properties worth around Rs 1,400 crore linked to Ambani in Navi Mumbai, Chennai, Pune and Bhubaneswar. Earlier, on 3 November, the ED attached 132 acres of land inside the Dhirubhai Ambani Knowledge City campus in Navi Mumbai. That land was valued at Rs 4,462.81 crore. The agency had also attached over 40 more properties valued at Rs 3,084 crore, including Anil Ambani’s 16,000 sq ft residence in Pali Hill.

• DAKC land attached: 132 acres
• Valuation: Rs 4,462.81 crore
• Total properties in earlier action: 40+ units
• Pali Hill home included in attachment list

Fund misuse found during investigation

Major irregularities came to light in the ED’s investigation into Reliance Home Finance and Reliance Commercial Finance. Yes Bank had invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL between 2017 and 2019. However, by December 2019, the entire exposure had turned into non-performing assets. The agency said the funds were diverted to other Reliance Group entities instead of being used for their declared business purposes.

Key irregularities detected:

• Several loans approved and disbursed on the same day
• Missing field checks and skipped verification meetings
• Blank or undated documents found in loan files
• Unexplained movement of funds among group firms

The ED termed this pattern an intentional control failure.

ED cites losses and ongoing probe

Yes Bank is estimated to have suffered losses of more than Rs 2,700 crore due to loan defaults linked to RHFL and RCFL. Of the total exposure, RHFL still owes Rs 1,353 crore and RCFL Rs 1,984 crore. The agency said its investigation remains active under Section 5(1) of the PMLA, and provisional attachment orders were issued on 31 October 2025.

• Yes Bank losses: More than Rs 2,700 crore
• Outstanding dues: RHFL Rs 1,353 crore, RCFL Rs 1,984 crore
• Probe status: Ongoing under PMLA

The agency said further financial trails are being examined and more attachments may follow if fresh evidence emerges.