ED seizes Anil Ambani-linked assets worth ₹1,452 crore; total attachments in loan fraud probe near ₹9,000 crore

The Enforcement Directorate (ED) has attached assets worth more than ₹1,452 crore linked to industrialist Anil Ambani, escalating its money laundering probe into alleged loan fraud involving his group companies.

The properties — located in Navi Mumbai, Chennai, Pune and Bhubaneswar — were attached under the Prevention of Money Laundering Act (PMLA), a senior official said.

With this latest tranche, the total value of Ambani-linked assets attached in the ongoing investigation has climbed to almost ₹9,000 crore.

The case centres on allegations of diversion and laundering of public funds by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). According to the agency, Yes Bank had invested ₹2,965 crore in RHFL instruments and ₹2,045 crore in RCFL instruments between 2017 and 2019. By December 2019, these had turned into non-performing investments, with ₹1,353.50 crore outstanding for RHFL and ₹1,984 crore for RCFL.

Earlier this month, the ED provisionally attached assets worth about ₹3,084 crore linked to Ambani, including properties in Mumbai and Delhi, and holdings across Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, Kancheepuram and East Godavari.

The attachments cover office spaces, residential units and large land parcels, issued under Section 5(1) of the PMLA on October 31.

The deepening investigation comes amid separate legal scrutiny. On November 18, the Supreme Court issued notice on a petition seeking a court-monitored probe into alleged bank fraud by Anil Ambani-promoted Reliance Communications Ltd and other entities, signalling further pressure on the former telecom tycoon.