Anil Ambani’s Properties Attached: Rs 3,084 Crore Worth Assets Seized by ED

The Enforcement Directorate (ED) has provisionally attached 42 immovable properties, including Anil Ambani’s residence at Pali Hill in Mumbai and a large plot at Reliance Centre in New Delhi, valued at over Rs 3,084 crore. This action is part of an ongoing investigation into large-scale financial irregularities and suspected money laundering.

Anil AmbaniEdPmlaFinancial IrregularitiesProperty AttachmentReal Estate MumbaiNov 03, 2025

Anil Ambani’s Properties Attached: Rs 3,084 Crore Worth Assets Seized by ED

Real Estate Mumbai:The Enforcement Directorate (ED) has provisionally attached 42 immovable properties valued at more than Rs 3,084 crore linked to entities of the Reliance Anil Dhirubhai Ambani Group (ADAG). This action is part of the ongoing investigation into large-scale financial irregularities, diversion of public funds, and suspected money laundering. The attachments were made under Section 5(1) of the Prevention of Money Laundering Act (PMLA) through four orders issued on 31 October 2025.

The attached assets include Anil Ambani's family residence at Pali Hill, Bandra (West), the Reliance Centre on Maharaja Ranjeet Singh Road in New Delhi, and multiple residential and commercial properties spread across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (including Kancheepuram), East Godavari, and Goa. The list covers 30 properties of Reliance Infrastructure Ltd, five of Adhar Property Consultancy Pvt Ltd, four of Mohanbir Hi-Tech Build Pvt Ltd, and one each belonging to Gamesa Investment Management Pvt Ltd, Vihaan43 Realty Pvt Ltd (formerly Kunjbihari Developers Pvt Ltd), and Campion Properties Ltd.

ED's probe has uncovered fraudulent diversion of public funds by several Reliance ADAG group companies, including Reliance Communications Ltd (RCOM), Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), Reliance Infrastructure Ltd (RInfra), and Reliance Power Ltd. Between 2010 and 2012, RCOM and its related companies raised thousands of crores from Indian banks, of which Rs 19,694 crore remains outstanding. These accounts were declared non-performing assets (NPAs) and at least five banks classified RCOM's loans as fraudulent.

The agency found that loans taken from one bank were used to repay others, or routed to related parties and mutual fund investments, violating loan conditions. It says more than Rs 13,600 crore was diverted to evergreen old loans, Rs 12,600 crore went to connected parties, and about Rs 1,800 crore was invested in fixed deposits and mutual funds which were later liquidated and routed back to group entities.

ED also cited large-scale misuse of bill discounting facilities and alleged that some of the diverted funds were sent abroad through outward remittances. In the case of Reliance Home Finance and Reliance Commercial Finance, the agency found that over Rs 10,000 crore of public money flowed into the companies, including Rs 2,965 crore invested by Yes Bank in RHFL instruments and Rs 2,045 crore in RCFL instruments between 2017 and 2019. These investments became non-performing by December 2019.

Before Yes Bank invested in these companies, it had received huge inflows from the erstwhile Reliance Nippon Mutual Fund, which was not permitted under SEBI rules to invest directly in ADAG's financial firms. Investigators said mutual fund investors' money was instead channelled indirectly through Yes Bank's exposures, eventually landing with Reliance group companies through a circuitous route.

According to ED, both RHFL and RCFL borrowed from more than 35 banks and financial institutions, but large portions of the loans were diverted instead of repaid. The diversion was executed through onward lending to shell entities effectively controlled by the Reliance ADAG group. Funds moved rapidly between accounts, often within minutes, under the guise of corporate loans and inter-corporate deposits. The National Housing Bank (NHB) had previously penalised RHFL for regulatory breaches, while its auditors resigned citing uncertainty over recoveries. The National Financial Reporting Authority (NFRA) also penalised subsequent auditors, and SEBI initiated action against company officials.

The investigation has also revealed a series of mala fide lending practices such as disbursal of loans before sanction, same-day application, sanction and disbursal cycles, undated approvals, and cases where sanction letters were issued before borrower applications were filed. Loans to entities like Vihaan43 Realty (formerly Kunjbihari Developers), RPL Aditya Power, and RPL Sunlight Power were advanced without proper due diligence or collateral registration, in violation of standard norms.

The agency says several of these borrowing companies were weak or shell entities showing negligible assets, revenue, or employees. They shared directors, auditors, and addresses with Reliance ADAG group companies, indicating a complex layering structure designed to conceal the true beneficiary. At least 13 such borrowers routed Rs 1,460 crore to Reliance Infrastructure through a company named CLE Pvt Ltd. ED searches found no genuine business activity at the borrowers' registered offices.

The attached properties include the Pali Hill residence in Mumbai's Bandra West, the Reliance Centre in New Delhi, multiple offices at Nagin Mahal in Churchgate, flats in BHA Millennium Tower in Noida, residential flats in Hyderabad's Camus Capri Apartments, and extensive land parcels in East Godavari district of Andhra Pradesh. Also attached are 29 luxury flats in the Nutech Elevate 21 project in Chennai's Kottivakkam held by Gamesa Investment Management Pvt Ltd, and several land parcels in Ghaziabad and Noida held by Adhar Property Consultancy Pvt Ltd and Mohanbir Hi-Tech Build Pvt Ltd. Reliance Infrastructure properties in Mumbai, Pune, Thane, Noida, Hyderabad, East Godavari, and Goa are also part of the attachment.

ED's parallel investigation under the Foreign Exchange Management Act (FEMA) found that about Rs 40 crore from Reliance Infrastructure's Jaipur-Reengus highway project was siphoned off through Surat-based shell firms to Dubai, exposing a wider hawala network exceeding Rs 600 crore. The agency says it is continuing to trace the proceeds of crime and that recoveries will ultimately help restore losses to lenders and benefit the general public.

ED has pegged the overall scale of financial irregularities across the Reliance Group at over Rs 17,000 crore, covering multiple lending transactions and alleged fund diversions between 2006 and 2019. Adding to Mr Ambani’s troubles, investigative platform Cobrapost recently published a report alleging that the Reliance ADAG group had engaged in “a massive banking fraud” totalling about Rs 28,874 crore since 2006. The report claimed that funds raised through bank loans, public issues, and bonds by several listed ADAG companies were siphoned off through a complex network of shell entities and layered transactions.

In a statement, the Reliance Group dismissed the Cobrapost report as “a malicious, baseless, and motivated campaign” purportedly driven by corporate rivals seeking to tarnish the conglomerate’s image. The group maintained that all its financial transactions were conducted transparently and in compliance with applicable laws. ED’s ongoing actions mark a significant escalation in the scrutiny of the Reliance ADAG group, which has faced multiple regulatory and financial setbacks over the past decade. The group’s telecom venture, RCOM, went bankrupt in 2019, while several of its infrastructure and finance companies have been battling debt defaults and insolvency proceedings.

Officials say the attached assets will remain under provisional attachment for 180 days, during which ED will move the adjudicating authority under PMLA to confirm the attachment. Once confirmed, the assets may be subject to further confiscation proceedings if the agency determines that they represent the proceeds of a crime.

Frequently Asked Questions

What are the properties attached by the ED?

The ED has attached 42 immovable properties, including Anil Ambani’s residence at Pali Hill in Mumbai, the Reliance Centre in New Delhi, and multiple residential and commercial properties across various cities in India.

What is the total value of the attached properties?

The total value of the attached properties is more than Rs 3,084 crore.

What is the reason for the attachment of these properties?

The properties were attached as part of an ongoing investigation into large-scale financial irregularities, diversion of public funds, and suspected money laundering by the Reliance Anil Dhirubhai Ambani Group (ADAG).

What companies are involved in the financial irregularities?

The companies involved include Reliance Communications Ltd (RCOM), Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), Reliance Infrastructure Ltd (RInfra), and Reliance Power Ltd.

What is the duration of the provisional attachment?

The attached assets will remain under provisional attachment for 180 days, during which the ED will move the adjudicating authority under PMLA to confirm the attachment.