In a significant escalation of its money laundering investigation, the Enforcement Directorate (ED) has provisionally attached 40 properties valued at Rs 3,084 crore linked to entities of Anil Ambani’s Reliance Group. The assets seized under the Prevention of Money Laundering Act (PMLA) include high-profile properties such as the Ambani family residence in Pali Hill, Mumbai, and the Reliance Centre in New Delhi.
The sweeping action, with attachment orders issued on October 31, 2025, also covers office premises, residential units, and land parcels across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari.
This attachment is part of a probe into the alleged diversion and laundering of public funds raised by two group companies, Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). The ED’s case, which stems from a CBI FIR, investigates large investments made by Yes Bank into these two firms between 2017 and 2019. Yes Bank invested Rs 2,965 crore in RHFL and ₹2,045 crore in RCFL instruments, which turned into non-performing assets by December 2019, leaving a massive outstanding balance.
According to the ED, the investigation revealed a scheme to bypass financial regulations. The agency alleges that direct investment by the erstwhile Reliance Nippon Mutual Fund into Anil Ambani Group’s financial companies was prohibited under SEBI’s conflict-of-interest framework. To circumvent this, funds invested by the public in the mutual fund were allegedly routed indirectly through Yes Bank’s exposures, ultimately landing with RHFL and RCFL.
The probe further found that these funds were then diverted through on-lending to entities linked to the Reliance Group and ultimately siphoned off. The ED highlighted “intentional and consistent control failures” in how these loans were processed. The agency noted that loans were often speed-processed without proper financial checks, with many sanctioned and disbursed on the same day. In some cases, funds were reportedly advanced even before a formal loan application was submitted. The ED stated it continues to trace the proceeds of the crime and that any recoveries will “ultimately benefit the general public.”
