ED Tightens Grip on Anil Ambani Group in Money Laundering Probe
Mumbai: In a sweeping move against the Anil Dhirubhai Ambani Group, the Enforcement Directorate (ED) has provisionally attached over 132 acres of prime land belonging to the Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at ₹4,462.81 crore.
The attachment is part of the agency’s ongoing investigation into alleged diversion and laundering of public funds by Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).
Earlier on Monday, the ED had also seized a string of other assets — including a family home at Pali Hill in Mumbai, the Reliance Centre in Delhi, and properties across at least eight Indian cities — under the Prevention of Money Laundering Act (PMLA).
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
With this latest action, the total value of properties seized in the Reliance Group probe has now surpassed ₹7,500 crore. Previous attachments included 42 properties worth ₹3,083 crore, tied to Reliance Communications (RCOM), RHFL, and RCFL.
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
According to investigators, between 2010 and 2012, RCOM and its subsidiaries secured loans worth ₹40,185 crore from several domestic and foreign lenders — many of which were later declared fraudulent.
The ED’s findings indicate that large portions of these loans were illegally diverted — about ₹13,600 crore to evergreen old debts, ₹12,600 crore to related parties, and ₹1,800 crore through fixed deposits and mutual funds, before being rerouted to group entities.
The probe has also unearthed the misuse of bill discounting facilities and siphoning of funds abroad through outward remittances.
In a regulatory clarification, Reliance Infrastructure Ltd (R-Infra) asserted that the property attachment would not impact its operations, shareholders, or employees, adding that Anil Ambani has not been on its board for over three and a half years.
The investigation stems from a CBI case filed under Sections 120-B, 406, and 420 of the IPC, and Sections 13(1)(d) and 13(2) of the Prevention of Corruption Act, naming RCOM, Anil Ambani, and others as accused.
Reaffirming its stance, the ED said it remains committed to tracing and recovering the proceeds of crime and to ensuring that financial offenders are brought to justice. The probe, officials confirmed, is still ongoing.
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