The Enforcement Directorate (ED) is in the process of attaching properties worth several crores belonging to the Reliance Group, led by industrialist Anil Ambani. This action is connected to a money laundering probe investigating alleged loan fraud against him and his group companies, according to sources familiar with the development.
While specific details were not disclosed, an official confirmed that assets valued at approximately ₹3,000 crore are being provisionally attached under the Prevention of Money Laundering Act (PMLA) as part of the investigation. “A detailed statement will be issued regarding the attachments,” the officer stated, requesting anonymity.
Hindustan Times reached out to a spokesperson for the company seeking comments but had not received a response by the time of publication.
The Reliance Group has previously denied any wrongdoing. In an email statement to HT on October 1, the company asserted, “The stated figure of ₹17,000 crore, along with the alleged linkages to Reliance Infrastructure, exists only in imagination – figments created by the source, without any truth or substance. Reliance Infrastructure continues to focus on executing its business plans and remains fully committed to creating long-term value for all stakeholders. The Company is also free of bank and financial institution debt, with a net worth of ₹14,883 crore as of June 2025.”
The financial crimes probe agency is examining alleged financial irregularities and the collective diversion of loans, reportedly exceeding ₹17,000 crore, by several companies within Anil Ambani’s group, including Reliance Infrastructure (R-Infra).
Anil Ambani himself was questioned in connection with the probe in August of this year.
The Central Bureau of Investigation (CBI) is also conducting an investigation into the company and Anil Ambani, having already filed two separate charge sheets in cases related to fraudulent transactions between group companies, Yes Bank, and entities associated with former bank CEO Rana Kapoor’s family.
A CBI spokesperson stated in September, “CBI filed charge sheet on Thursday (before a Mumbai court) in two cases connected with fraudulent transactions between Anil Ambani’s Group companies, RCFL (Reliance Commercial Finance Ltd) and RHFL (Reliance Home Finance Ltd) on one hand and Yes Bank and the companies owned by Rana Kapoor’s wife Bindu Kapoor and daughters – Radha Kapoor and Roshni Kapoor.”
The anti-corruption probe agency had initiated two cases in 2022 against Rana Kapoor (former managing director and CEO of Yes Bank), two Reliance group companies, and others, based on a complaint filed by the Chief Vigilance Officer of Yes Bank.
Both agencies have also conducted raids on various Reliance Group companies.