The Directorate of Enforcement (ED) has provisionally attached 31 immovable properties worth ₹581.65 crore as part of its ongoing investigation into Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), companies linked to the Anil Ambani-led Reliance Group.
The attachment order was issued on Thursday following searches conducted earlier this month in a separate case involving Reliance Power Ltd. under the provisions of the Foreign Exchange Management Act (FEMA).
According to the agency, the attached assets mainly consist of land parcels spread across several states, including Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan.
With this latest action, the ED said the total value of assets attached in cases related to the Reliance Anil Ambani Group has reached ₹16,310 crore.
The ED stated that it had previously attached properties worth over ₹15,729 crore in bank fraud cases linked to Reliance Communications, Reliance Home Finance and Reliance Commercial Finance.
During the latest searches conducted under the Prevention of Money Laundering Act (PMLA) and FEMA, authorities also froze or confiscated assets worth ₹2.48 crore, including fixed deposits, mutual funds and cash.
In addition, the agency seized balances amounting to ₹77.86 crore in 13 bank accounts of Reliance Infrastructure Ltd. under Section 37A of FEMA, which allows authorities to block suspected foreign exchange violations.
According to the ED, RHFL and RCFL had raised public funds from several banks and financial institutions, of which more than ₹11,000 crore later turned into non-performing assets (NPAs).
The investigation began in July 2025 after the Central Bureau of Investigation (CBI) registered multiple FIRs alleging criminal conspiracy and cheating under the Indian Penal Code and the Prevention of Corruption Act.
These complaints were filed by several lenders including Yes Bank, Union Bank of India and Bank of Maharashtra.
Investigators allege that loan funds were diverted to other companies within the Reliance Anil Ambani Group, including Reliance Infrastructure, Reliance Power, Reliance Communications and Reliance Capital, through a network of shell or dummy companies.
According to the ED, many of these entities allegedly had minimal financial capacity and little or no genuine business operations.
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The Enforcement Directorate stated that the newly attached properties represent the alleged proceeds of crime in the ongoing investigation. With cumulative attachments now crossing ₹16,000 crore, the probe into financial transactions linked to companies of the Anil Ambani-led Reliance Group continues.
Authorities have indicated that further investigation in the matter remains underway, and additional actions may follow depending on the findings of the ongoing probe.
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Published on: Mar 13, 2026, 12:38 PM IST
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