In a major action in the alleged bank fraud and money laundering case linked to Reliance Anil Ambani Group, the Enforcement Directorate (ED) has temporarily attached properties worth Rs 581.65 crore. The agency said in its order issued on Thursday (March 12) that this action has been taken as part of the investigation related to Anil Ambani’s companies Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
According to ED, a total of 31 immovable properties have been temporarily attached under this action. These include plots of land located in many states of the country. The agency said that these properties are located in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan.
This action comes after a raid conducted on March 6 under the Foreign Exchange Management Act (FEMA) in a separate case related to Reliance Power Limited. During the investigation, ED had conducted searches at several locations under the Prevention of Money Laundering Act (PMLA) and FEMA.
The agency has also frozen assets worth Rs 2.48 crore during the search operation. These include fixed deposits, mutual funds and cash. Apart from this, under Section 37A of FEMA, an amount of Rs 77.86 crore present in 13 bank accounts of Reliance Infrastructure Limited has also been seized.
ED said that even before this, assets worth about Rs 15,729 crore had been attached in bank fraud cases related to RCFL, RHFL and Reliance Communications. After the latest action, the total value of attached assets in cases related to Reliance Anil Ambani Group has increased to approximately Rs 16,310 crore.
According to the investigating agency, RHFL and RCFL had raised huge amounts of public money from several banks and financial institutions. Of this, an amount of more than Rs 11,000 crore later turned into non-performing assets (NPAs).
ED has provisionally attached 31 immovable properties in the form of land parcels situated in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan worth Rs. 581.65 Crore in the case of… pic.twitter.com/vem4kd0U65
— ED (@dir_ed) March 12, 2026
The ED investigation started in July 2025. This investigation was initiated on the basis of multiple FIRs registered by the Central Bureau of Investigation (CBI). In these FIRs, charges of criminal conspiracy and cheating were made under the Indian Penal Code, and cases were also registered under the Prevention of Corruption Act. These complaints were filed by Yes Bank, Union Bank of India and Bank of Maharashtra.
The investigating agencies allege that the money raised was transferred to various group companies, including Reliance Infrastructure, Reliance Power, Reliance Communications and Reliance Capital. For this, a number of shell or dummy companies were used, which had very limited financial capacity and had no significant business operations. The ED has said that the attached properties represent the proceeds of alleged crime. The agency said that further investigation is going on in the matter.
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