The Enforcement Directorate (ED) has taken strong action against companies linked to Anil Ambani’s Reliance Group. In its ongoing money laundering investigation, the agency has attached assets worth ₹1,120 crore. This move is part of a larger probe into alleged bank fraud and financial irregularities. With this step, the total value of assets seized in the case has now reached ₹10,117 crore, showing the seriousness of the matter.
What Happened:
The ED announced that it has provisionally attached 18 properties and other financial holdings under the Prevention of Money Laundering Act (PMLA). These include:
- The Reliance Centre in Mumbai’s Ballard Estate
- Fixed deposits and bank balances
- Shareholdings in unquoted investments
- Properties belonging to Reliance Infrastructure Ltd, Reliance Power Ltd, and Reliance Value Service Pvt Ltd
Officials said these assets are linked to cases involving Reliance Home Finance Limited, Reliance Commercial Finance Limited, and the Yes Bank fraud case.
Why the Action Was Taken:
The ED claims that funds were diverted and misused by companies in the Reliance Anil Ambani Group. According to investigators, loans taken from banks were not used for their intended purpose. Instead, they were allegedly moved to other accounts and investments, raising suspicion of money laundering.
The agency believes that such practices harmed banks and investors, and violated financial laws. By attaching these assets, the ED aims to prevent further misuse and secure money that may have been illegally diverted.
Impact on Reliance Group:
This is not the first time the Reliance Group has faced such action. With the latest seizure, the total assets attached now stand at over ₹10,000 crore. This puts heavy pressure on Anil Ambani’s companies, which have already been struggling with debt and financial challenges.
The attachment of the Reliance Centre, a major property in Mumbai, is seen as a symbolic move showing the seriousness of the probe. It also highlights how the ED is targeting both financial and physical assets to recover value.
Broader Context:
India’s financial regulators have been increasing their efforts to fight money laundering and bank fraud. The Prevention of Money Laundering Act gives the ED power to attach properties and bank accounts suspected to be linked with illegal activities.
Cases like this are important because they show how large corporate groups can face strict action if they are found misusing funds. It also sends a message to other companies about the risks of financial irregularities.
The ED’s attachment of ₹1,120 crore worth of Reliance Group assets is a major step in the ongoing investigation against Anil Ambani’s companies. With the total seizures now crossing ₹10,117 crore, the case has become one of the biggest financial probes in recent years. The outcome will depend on how courts and regulators handle the evidence, but for now, the Reliance Group faces serious challenges as its assets remain under government control.
