Mumbai12 minutes ago
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The Enforcement Directorate (ED) has attached more than 40 properties related to Anil Ambani’s Reliance Group. Anil Ambani’s Pali Hill house is also among the properties. The total value of the attached properties is said to be Rs 3,084 crore.
This action has been taken in the money laundering case, which involves the loan of Yes Bank and fund diversion of Reliance Communications (RCOM).
These orders were issued on 31 October 2025 under Section 5(1) of PMLA. ED says that these steps are necessary to recover public money.
On July 24, ED had raided more than 35 locations and about 50 companies associated with Anil Ambani’s Reliance Group. After this, on August 23, CBI also raided Anil Ambani’s house.
Fund diversion revealed in ED investigation
ED has found in its investigation that there was large-scale misuse of funds in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL). Between 2017 and 2019, Yes Bank had invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL.
But by December 2019, these amounts became non-performing assets (NPA). Rs 1,353 crore of RHFL and Rs 1,984 crore of RCFL are still outstanding. Overall, Yes Bank suffered a loss of more than Rs 2,700 crore.
According to ED, these funds were diverted to other companies of Reliance Group. Many irregularities were also found in the loan approval process. For example, some loans are applied for, approved and disbursed on the same day. Field checks and meetings were skipped. Documents found blank or dateless.
ED has called it ‘intentional control failure’. The investigation is underway under Section 5(1) of PMLA, and attachment orders issued on October 31, 2025.
Details of attached properties: Spread from Delhi to Chennai
The attached properties are in cities like Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kanchipuram and East Godavari. These include residential units, office space and land parcels. Especially Anil Ambani’s Pali Hill Residence is the most high-profile.
ED’s focus is on tracing the crime proceedings, so that more properties can be attached. So far a value of Rs 3,084 crore has been attached.
The whole matter in 3 questions and answers:
Question 1: Why did ED take action against Anil Ambani?
answer: The case pertains to loans of about Rs 3,000 crore given by Yes Bank to Anil Ambani-linked Reliance Group companies between 2017 and 2019.
Initial investigation by ED revealed that these loans were allegedly diverted to shell companies and other units of the group. The investigation also revealed that senior officials of Yes Bank may have been bribed.
Question 2: What else came to light in the ED investigation?
answer: The ED says it was a “well-thought-out and well-planned” plan, under which money was embezzled by giving false information to banks, shareholders, investors and other public institutions. The investigation found several irregularities, such as:
- Loans to weak or unverified companies.
- Use of same director and address in many companies.
- Absence of necessary documents related to the loan.
- Transferring money to fake companies.
- The process of giving new loans to repay old loans (loan evergreening).
Question 3: What is the role of CBI in this case?
answer: CBI had registered FIR in two cases. These cases relate to two separate loans given by Yes Bank to Reliance Home Finance Limited and Reliance Commercial Finance Limited. In both the cases, CBI had named former Yes Bank CEO Rana Kapoor.
After this, an official said that other agencies and institutions like National Housing Bank, SEBI, National Financial Reporting Authority and Bank of Baroda also shared information with ED. Now ED is investigating this matter.
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