ED Attaches Assets Worth Over INR 3,000 Crore in Money Laundering Case Against Anil Ambani

As part of a money laundering investigation into his group firms, the Enforcement Directorate (ED) has seized assets connected to Reliance Group Chairman Anil Ambani valued at over INR 3,000 crore, according to government sources on Monday, November 3, 2025. In addition to other residential and commercial assets owned by his group firms, the federal inquiry agency has filed four provisional orders under the Prevention of Money Laundering Act (PMLA) to attach the properties, including Ambani's 66-year-old home in Pali Hill, Mumbai, they added.

Reliance Groups’ Assets Attached by ED

Along with several other properties in the nation's capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari, there is also a piece of land on Maharaja Ranjit Singh Marg in Delhi that belongs to Reliance Centre. The sources state that the associated assets are worth INR 3,084 crore in total.

Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL) are accused of diversion and money laundering of public monies. Yes Bank made investments of INR 2,965 crore in RHFL and INR 2,045 crore in RCFL instruments between 2017 and 2019. By December 2019, they became "non-performing" investments, with the ED stating that RHFL owed INR 1,353.50 crore and RCFL owed INR 1,984 crore.

Ambani is being sued for alleged financial irregularities and collective loan "diversion" by many group companies, including Reliance Infrastructure, valued at over INR 17,000 crore. In August, the ED questioned the businessman in the case.

Why Reliance’s Anil Ambani is Facing the Heat?

The court held that once RCom – where Ambani was a director and promoter – was identified as “fraud”, his name could be disclosed to the RBI since he was “in control” of the firm during the relevant period. Due to his affiliation with RCom, which defaulted on loans and credit facilities totalling more than INR 1,500 crore that were approved between 2012 and 2016, the court's ruling will essentially prohibit Ambani from raising money or pursuing credit facilities.

 The RBI Master Directions on Frauds list this restriction on credit and funding as one of the "penal measures". These regulations prohibit anyone who is deemed to be a fraudster and those "associated" with them from obtaining credit from banks and non-banking financial companies (NBFCs), which are governed by the RBI.

This restriction is in effect for five years after the date of the settlement of dues or the full repayment of the fraudulent sum. Ambani filed a plea in court contesting a June ruling by the SBI's Fraud Identification Committee (FIC). In 2020, the SBI initially deemed RCom accounts to be "fraud" in accordance with the RBI's 2016 Master Directions.

Following a Supreme Court decision in 2023 that required borrowers to have a previous hearing, this injunction was revoked. After that, the bank sent Ambani a new show-cause letter and provided him an opportunity to reply. In June, it declared that RCom's account was fraudulent and that the RBI would be notified of his identity.

ED Attaching Anil Ambani’s INR 4,462 Crore Knowledge City

On November 3, the Enforcement Department (ED) continued its action against Anil Ambani and his group company Reliance Communication Ltd (RCom) by attaching Dhirubhai Ambani Knowledge City, which is situated on 132 acres in the trans-Thane Creek industrial area of Navi Mumbai and is valued at over INR 4,462 crore. This brings the total attachment against the businessman and his group to over INR 7,500 crore.

Importantly, the Enforcement Directorate (ED) emphasised that it is "committed to restituting proceeds of crime to their rightful claimants," a claim that, with court approval, may result in the sale and auction of attached assets. According to the agency, Ambani and his companies owe over INR 40,000 crore, which is the total amount of money he borrowed from both domestic and foreign lenders between 2010 and 2012.