ED Seizes Anil Ambani’s Assets Worth Rs.1,400 Crore; Total Attachments Hit ₹9,000 Crore
The Enforcement Directorate (ED) has seized properties worth about ₹1,400 crore linked to Anil Ambani and his Reliance Group companies.
According to PTI, these properties—located in Navi Mumbai, Chennai, Pune, and Bhubaneswar—were attached as part of the probe into alleged misuse of funds in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL).
With this action, the total value of assets attached in the case has now reached nearly ₹9,000 crore.
On November 3, the ED had attached 132 acres of land belonging to the Reliance Group in the fund diversion case. The land, located inside Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, is valued at ₹4,462.81 crore.
Earlier, more than 40 other properties, including Anil Ambani’s Pali Hill home, were also attached. The value of those seized assets was reported to be ₹3,084 crore.
Why Properties have been seized?
The ED has found major irregularities in the financial dealings of RHFL and RCFL. Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL. By December 2019, these loans had become Non-Performing Assets (NPAs). RHFL still owes ₹1,353 crore and RCFL owes ₹1,984 crore, causing Yes Bank a loss of more than ₹2,700 crore.
The ED said that a large part of these funds was diverted to other Reliance Group companies. The investigation also found serious lapses in the loan approval process. In many cases, loans were applied for, approved, and given on the same day. Field inspections and meetings were skipped, and several documents were blank, incomplete, or undated.
The ED described this as an “intentional control failure.” The investigation is ongoing under Section 5(1) of the Prevention of Money Laundering Act (PMLA), with the attachment orders issued on October 31, 2025.
