India's ED attaches ₹1,120 crore in assets linked to Anil Ambani’s group over alleged ₹11,000 crore fraud involving Yes Bank and other firms.

The Enforcement Directorate has attached assets worth ₹1,120 crore linked to Anil Ambani’s Reliance Group in a money laundering probe under the PMLA, bringing total attachments in related cases to ₹10,117 crore. The seized assets include 18 properties, bank balances, fixed deposits, and unquoted shareholdings across multiple group firms. The investigation centers on alleged fraud involving Yes Bank, Reliance Home Finance, and Reliance Commercial Finance, with claims that over ₹11,000 crore in public funds were diverted through mutual funds and loans, violating SEBI rules. Nine banks have declared group loan accounts fraudulent, and the ED is probing a larger scheme involving loan evergreening, fund transfers, and overseas siphoning.