India’s ED attaches ₹3,084 crore in assets linked to Anil Ambani over alleged money laundering tied to Reliance Group.

The Enforcement Directorate has attached assets worth ₹3,084 crore linked to Anil Ambani and his Reliance Group in a money laundering probe under the PMLA. The attachments include properties in Mumbai, Delhi, Hyderabad, Chennai, Pune, and other cities, along with Ambani’s Pali Hill residence. The investigation centers on the alleged diversion of public funds from Reliance Home Finance and Reliance Commercial Finance, backed by over ₹5,000 crore in Yes Bank investments that turned non-performing by 2019. The ED alleges systemic financial irregularities, including loans disbursed without proper documentation, falsified records, and funds funneled to group entities. The probe also extends to Reliance Communications, with allegations of over ₹13,600 crore in diverted funds.