Anil Ambani Group Faces Fresh ED Heat as Rs 1,021 Crore Assets Attached

The Enforcement Directorate (ED) on Saturday announced that it has issued a fresh provisional order to attach assets worth Rs 1,021 crore as part of its ongoing money laundering investigation involving the Reliance Anil Ambani Group .

The attachment order, issued under the Prevention of Money Laundering Act (PMLA) , includes equity shares of Reliance Power held by Reliance Infrastructure along with certain loan receivables from Sasan Power and Reliance Power , according to the agency.

The investigation was initiated following a CBI FIR against Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) . The ED has alleged that public funds amounting to Rs 15,548 crore raised by the two companies were systematically diverted through a network of alleged shell and group companies linked to the Reliance Anil Ambani Group.

The agency is currently investigating multiple cases against the group, including four cases under the anti-money laundering law and three cases under the Foreign Exchange Management Act (FEMA) .

With the latest attachment order, the total value of properties attached in the investigation has increased to Rs 20,367 crore . The ED has so far filed four chargesheets and arrested eight individuals in connection with the probe.

Separately, the agency has also attached assets worth Rs 77.86 crore under FEMA provisions .

The ED’s action is part of a broader investigation into alleged financial irregularities involving companies associated with the Reliance Anil Ambani Group. The proceedings will continue as per the provisions of the PMLA and FEMA, with further investigations underway.