New Delhi [India], November 3 (ANI): The Enforcement Directorate (ED) has connected 40 properties price about Rs 3,084 crore linked to entities of the Reliance Anil Ambani Group in reference to an alleged cash laundering case associated to the diversion of public funds by Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).
According to the ED, the attachment orders have been issued on October 31, 2025, beneath Section 5(1) of the Prevention of Money Laundering Act (PMLA), 2002.
The connected belongings embody the Pali Hill residence of the Ambani household in Bandra (West), Mumbai, the Reliance Centre property in New Delhi, and a number of other different properties unfold throughout Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (together with Kancheepuram) and East Godavari. These comprise workplace premises, residential items and land parcels, with an mixture worth of roughly Rs 3,084 crore.
The ED case issues the alleged diversion and laundering of public funds raised by RHFL and RCFL.
‘During 2017-2019, Yes Bank invested Rs 2,965 crore in RHFL devices and Rs 2,045 crore in RCFL devices. These investments became non-performing belongings by December 2019, with Rs 1,353.50 crore excellent for RHFL and Rs 1,984 crore for RCFL,’ stated the ED.
ED’s investigation revealed that direct investments by the erstwhile Reliance Nippon Mutual Fund into Anil Ambani Group’s monetary firms have been prohibited beneath SEBI’s conflict-of-interest framework. To circumvent this, funds invested by the general public in mutual funds have been allegedly routed not directly by Yes Bank exposures, which finally benefited Anil Ambani Group entities.
The probe discovered that RHFL and RCFL prolonged loans to entities linked to the Group, with funds diverted by on-lending, fund layering, and supreme siphoning-off.
ED officers famous severe procedural lapses and management failures in sanctioning and processing loans — together with same-day sanction and disbursal, clean or undated paperwork, and insufficient safety creation. Some loans have been even disbursed earlier than formal purposes have been made.
The company termed these irregularities ‘intentional and constant management failures’ that facilitated the misuse of funds.
The ED has additionally intensified its probe into Reliance Communications Ltd (RCOM) and associated group firms in reference to alleged mortgage frauds amounting to over Rs 13,600 crore. The investigation has revealed that round 12,600 crore was diverted to linked entities, whereas Rs 1,800 crore was parked in fastened deposits and mutual funds earlier than being liquidated and routed again to group corporations.
The company stated it has uncovered large-scale misuse of invoice discounting mechanisms to funnel funds to associated entities.
The ED stated it continues to hint proceeds of crime and safe attachments of tainted properties, asserting that recoveries made will ‘finally profit most of the people.’ (ANI)