Fresh blow to Anil Ambani; ED attaches 132-acre DAKC land worth Rs.4,462 cr
The Enforcement Directorate (ED) has attached assets worth more than Rs.3,000 crore linked to Reliance Group Chairman Anil Ambani, his group companies, and linked entities as part of a money laundering investigation, officials said on Monday. The ED issued four provisional orders under the Prevention of Money Laundering Act (PMLA) on October 31 for attaching the properties, including the 66-year-old Ambani’s family home in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies, they said.
A plot of land belonging to the Reliance Centre on Maharaja Ranjit Singh Marg in Delhi and multiple other assets of Reliance Infrastructure Ltd., certain linked entities in the national capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari have also been attached.
Offices in the ‘Nagin Mahal‘ building at Churchgate in Mumbai, flats in BHA Millenium Apartments in Noida, and Camus Capri Apartments in Hyderabad are among those provisionally attached by the ED.
According to ED, the total value of the attached assets is Rs.3,084 crore.
ED has provisionally attaches over 42 properties of Reliance Anil Ambani Group worth more than Rs. 3,083 Crore on 31/10/2025 under the provisions of PMLA, 2002. 30 properties of Reliance Infrastructure Limited, 5 properties of Adhar Property Consultancy Private Limited, 4… pic.twitter.com/NHIRqW3bV3
— ED (@dir_ed) November 3, 2025
The case pertains to the diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), linked to CBI cases for the bank fraud probes in SBI and Yes Bank. During 2017-2019, Yes Bank invested Rs.2,965 crore in RHFL instruments and Rs.2,045 crore in RCFL instruments. These turned into “non-performing” investments by December 2019, with Rs.1,353.50 crore then outstanding for RHFL and Rs.1,984 crore for RCFL, according to the ED.
The agency, according to the officials, said the investigation found that “direct” investment by the erstwhile Reliance Nippon Mutual Fund into Anil Ambani group financial companies was “not legally possible” due to SEBI’s mutual fund conflict of interest framework. In violation of these guidelines, the money invested by the general public in the mutual fund was routed indirectly through Yes Bank exposures, which ultimately landed with Anil Ambani Group companies, they alleged.
The ED said its investigation showed that funds were routed “indirectly” through Yes Bank’s exposures to RHFL and RCFL, while the two companies extended loans to entities linked to the Reliance Anil Ambani Group. “Substantial portions of corporate loans (General Purpose Corporate Loans) ultimately landed in accounts of Reliance group companies. While extending these loans, serious control failures were found by the ED,” the agency said.
The loans to the linked companies of the group were processed fast without core prudential checks. Many loans were processed on the same day as application, sanction, and agreement, and in some cases, disbursal preceded sanction, they claimed. The ED, according to the officials, has also “intensified” the probe into Reliance Communications Ltd. (RCOM) and related companies’ loan “fraud”. These companies are alleged to have “diverted” over Rs.13,600 crore used in evergreening loans. Over Rs.12,600 crore was diverted to connected parties and over Rs.1,800 crore was invested in fixed deposits and mutual funds, etc., which were substantially liquidated for “re-routing” to group entities, according to the ED probe.
The officials said the agency was continuing to trace “proceeds of crime” and secure attachments of property so that they can later be restituted to the affected banks according to a provision under the PMLA. The action against Ambani pertains to alleged financial irregularities and collective loan “diversion” pegged at more than Rs.17,000 crore by multiple group companies, including Reliance Infrastructure.
Later in the evening, ED announced the attachment of 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai, worth Rs.4,462 crore. ED said total attachments are worth more than Rs.7500 crore.
ED has attached over 132 acres of land of Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, Maharashtra worth over Rs. 4,462 Crores in Reliance Communications Ltd’s Bank Fraud case. Cumulative attachment of properties in the group now stands over Rs.7,500 Crores. pic.twitter.com/9eWBzF5LNw
— ED (@dir_ed) November 3, 2025
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