ED Freezes Over 42 Assets of Reliance Anil Ambani Group Amid Money Laundering Investigation
The Enforcement Directorate has taken significant action by seizing over 42 assets belonging to the Reliance Anil Ambani Group, valued at more than ₹3,083 crores. This move is part of an ongoing investigation into money laundering activities linked to the group. The seized properties span multiple locations, including Mumbai and Delhi, and are tied to various subsidiaries of the group. Allegations suggest misuse of funds and connections to a larger international hawala network. As the investigation unfolds, the financial sector is abuzz with anticipation of further developments.
| Nov 3, 2025, 22:46 IST
ED Takes Action Against Reliance Anil Ambani Group
The Enforcement Directorate (ED) announced on Monday, November 3, 2025, that it has temporarily seized more than 42 assets belonging to the Reliance Anil Ambani Group, valued at over ₹3,083 crores. This action is part of an investigation under the Prevention of Money Laundering Act (PMLA).
According to the latest information, out of the 42 seized properties, 30 belong to Reliance Infrastructure Limited. Additionally, five properties are linked to Base Property Consultancy Private Limited, four to Mohanbir High-Tech Build Private Limited, and one each to Gems Investment Management Private Limited, Vihan43 Realty Private Limited, and Campion Properties Limited.
The seized assets include a residential complex located in Pali Hill, Bandra West, Mumbai, the Reliance Centre on Maharaja Ranjit Singh Road in Delhi, and several other lands and buildings across Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari in Andhra Pradesh.
As per the ED, between 2010 and 2012, Reliance Communications and its various subsidiaries borrowed thousands of crores from Indian banks, with ₹19,694 crores still outstanding. Many of these loans have turned into non-performing assets (NPAs), and some banks have classified them as fraudulent accounts.
The agency alleges that the group misused approximately ₹13,600 crores to repay debts, transfer to related parties, and invest in mutual funds. There are suspicions that some funds were also transferred abroad.
It is noteworthy that between 2017 and 2019, Yes Bank invested around ₹5,000 crores in RHFL and RCFL, which later became classified as NPAs, with a significant portion still pending recovery.
The agency has also revealed that ₹40 crores linked to Reliance Infrastructure Limited were sent to Dubai through shell companies involved in the Jaipur-Ringas Highway project, leading to the discovery of a large international hawala network, estimated to be over ₹600 crores.
This action by the ED has stirred the entire financial sector, and further investigations are ongoing, with the potential for more revelations to emerge.