The Enforcement Directorate (ED) has provisionally attached 40 properties worth around Rs 3,084 crore linked to industrialist Anil Ambani and his group companies. The action comes as part of a major money laundering investigation into alleged loan fraud. The seized assets include his residence in Mumbai’s Pali Hill, the Reliance Centre property in Delhi, and several properties across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kancheepuram, and East Godavari.
The attachments, issued under Section 5(1) of the Prevention of Money Laundering Act (PMLA), cover residential units, office premises, and land parcels.
ED Probe on Anil Ambani
According to the ED, the investigation found that funds invested by Yes Bank in Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) were diverted and laundered through shell entities linked to the Reliance Anil Ambani Group.
The agency also uncovered serious control failures, blank documents, and misuse of loans, with a total diversion of over Rs 13,600 crore detected across related companies.
