ED Attaches Fresh ₹1,885 Crore Assets of Anil Ambani Group; Total Seizures Near ₹12,000 Crore

The Enforcement Directorate (ED) has provisionally attached assets worth ₹1,885 crore linked to the Anil Ambani Group, raising total seizures in ongoing investigations to nearly ₹12,000 crore. The move is part of a probe into alleged bank loan fraud, money laundering, and diversion of public funds involving multiple group companies.

Latest Attachments and Key Assets
The recent seizures were carried out through four provisional attachment orders covering Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), Yes Bank-related transactions, and Reliance Communications Limited (RCom). Among the assets attached are:

• Shareholdings of Reliance Infrastructure Limited in BSES Yamuna Power Limited, BSES Rajdhani Power Limited, and Mumbai Metro One Private Limited
• Bank balances of ₹148 crore and receivables worth ₹143 crore
• Residential property and investments in shares and mutual funds of two senior group employees

These fresh attachments follow earlier seizures of ₹10,117 crore, which included immovable properties, fixed deposits, bank balances, and shareholdings across multiple group entities. In December 2025, assets worth approximately ₹1,120 crore were also attached as the investigation expanded.

Yes Bank Investments Under Scrutiny
The ED identified investments by Yes Bank between 2017 and 2019 as a key link in the alleged diversion of public funds. During this period, Yes Bank invested around ₹2,965 crore in RHFL and ₹2,045 crore in RCFL. By December 2019, these instruments had turned non-performing, with outstanding exposure at ₹1,353.50 crore for RHFL and ₹1,984 crore for RCFL.

The agency alleges that over ₹11,000 crore in public funds routed to RHFL and RCFL were redirected to other Anil Ambani group entities rather than being used for intended business purposes. Earlier flows of public money via Reliance Nippon Mutual Fund were reportedly circumvented through Yes Bank due to regulatory restrictions.

Loans, Diversion, and ‘Evergreening’
The ED flagged large-scale borrowing by RCom and its subsidiaries from domestic and international lenders starting in 2010-12. Outstanding loans are estimated at ₹40,185 crore. Investigators allege that approximately ₹13,600 crore was used for loan evergreening, while over ₹12,600 crore was diverted to related parties. Additional funds exceeding ₹1,800 crore were reportedly parked in fixed deposits, mutual funds, and other investments rather than used for legitimate business operations.

Next Steps in the Investigation
The ED clarified that these attachments are provisional and subject to approval by the adjudicating authority. The investigation into the group’s financial transactions and fund flows continues, with further scrutiny expected.

The latest action is likely to have significant implications for the Anil Ambani Group’s financial standing and has drawn attention from banking and investment circles due to the scale of the alleged irregularities and the volume of public funds involved.