ED Attaches DAKC Land Worth ₹4,462 Crore in Anil Ambani Loan Fraud Case

The Enforcement Directorate has seized prime land assets of the Anil Ambani-led Reliance Group, in connection with its probe into large-scale loan fraud involving group companies, as per The Economic Times. This marks another milestone in efforts to recover diverted funds and prosecute alleged financial misconduct.

ED Seizes DAKC Land Worth ₹4,462 Crore 

On November 3, 2025, the Enforcement Directorate (ED) attached 132 acres of land located in Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai, valued at ₹4,462.81 crore. This is part of a broader investigation into the alleged diversion of loans by companies under the Anil Dhirubhai Ambani Group (ADAG), including Reliance Communications (RCom), Reliance Commercial Finance, and Reliance Home Finance.

Asset Attachment Crosses ₹7,500 Crore Mark

With this latest action, the total value of attached properties across ADAG companies touched ₹7,545 crore. Authorities have acted under the Prevention of Money Laundering Act (PMLA), 2002, following a CBI FIR against key ADAG entities and individuals, including Anil Ambani. Attached assets now span both real estate and financial holdings linked to allegedly misused funds.

Loans Diverted Through Shell Firms and Related Parties

Between 2010 and 2012, loans amounting to ₹40,185 crore were raised from banks. Investigators revealed that instead of using the loans for stated purposes, around ₹13,600 crore was employed for evergreening previous loans, ₹12,600 crore was transferred to related entities, and ₹1,800 crore was rerouted through fixed deposits and mutual funds.

Read More: ED Attaches Assets Worth Over ₹3,000 Crore in Money Laundering Probe Against Anil Ambani!

Yes Bank’s Involvement Under Scrutiny

Investigations found that significant sums from Reliance Nippon Mutual Fund were routed through Yes Bank investments into ADAG firms, bypassing SEBI conflict-of-interest norms. Between 2017 and 2019, Yes Bank reportedly invested ₹5,010 crore into RHFL and RCFL, a majority of which became bad loans.

Reliance Infrastructure Responds; Business Not Affected

Reliance Infrastructure Ltd confirmed the ED’s attachment but clarified that business operations remain unaffected. Anil Ambani has not held a board position in the company for over 3.5 years. The entity is under the Corporate Insolvency Resolution Process (CIRP), with legal proceedings ongoing in the NCLT and the Supreme Court.

Conclusion

The ED’s attachment of the ₹4,462 crore DAKC land is a major development in the multi-layered loan fraud case involving Anil Ambani’s group companies. With the total value of attached assets climbing above ₹7,500 crore, authorities are intensifying efforts to trace and reclaim allegedly diverted funds.

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