ED’s big action on Anil Ambani, more than 40 properties seized, worth more than Rs 3000 crore

by

Anil Ambani

The Enforcement Directorate (ED) has taken major action against the properties related to industrialist Anil Ambani’s Reliance Group. This action is of more than ₹3,084 crore, which has been temporarily attached. ED took this step on 31 October 2025 under the Prevention of Money Laundering Act (PMLA).

The list of properties that have been confiscated is quite long. This includes the posh Pali Hill house in Bandra, Mumbai and the major Reliance Center in Delhi. Apart from this, several lands, offices and flats located in major cities like Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kanchipuram and East Godavari have also been attached. Overall, this action has been taken on more than 40 properties of Anil Ambani Group.

What is the whole matter?

The center of ED’s investigation are two financial companies of Reliance Group—Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). According to the investigation, these companies are accused of misusing the money taken from the general public and banks.

The matter is between 2017 and 2019. During this period, Yes Bank had made a huge investment of about ₹ 2,965 crore in RHFL and ₹ 2,045 crore in RCFL. These investments later sank, leaving both these companies with outstanding amounts of thousands of crores of rupees.

The investigation also revealed that public money deposited through mutual funds was indirectly transferred to Reliance Group’s own companies in violation of Securities and Exchange Board of India (SEBI) rules. The funds were diverted and invested in these companies through Yes Bank.

Loans approved in one day without verification

ED alleges that a well-planned plan was prepared for this fund diversion. The agency has cited several serious irregularities.

  • Diversion of corporate loans: The corporate loans taken by companies were sent to other companies of their own group.
  • Violation of procedures: Many loans were approved without proper documentation, thorough due diligence and in a single day.
  • Advance Payment: Some cases were also found where the money was given to the borrower even before the loan sanction.
  • Weak Borrowers: Many debtors were companies whose financial position was already weak.
  • Deviation from purpose: The loan was not used for the purpose for which it was taken.

ED claims that this was fund diversion on a large scale.

Screws tightened in RCom case too

Apart from this, ED has also intensified its investigation in the case related to Reliance Communications (RCom). In this case too, the companies are accused of misusing an amount of more than ₹13,600 crore, in which a large amount was sent to the group companies and the loans were kept running fraudulently. ED says that this action will play an important role in the recovery of public funds, because this money belongs to the general public and financial institutions.

Leave a Comment