Industrialist Anil Ambani heads the Reliance Group (formerly Reliance ADA Group). Over the past few years, his business journey has seen dramatic ups and downs and serious setbacks. The latest in a series of legal and regulatory challenges is the Enforcement Directorate’s (ED) action in a money laundering investigation, which has increasingly thrust the group into the spotlight.
What Happened: Property Seizure
On November 3, 2025, the Enforcement Directorate (ED) provisionally attached properties worth approximately ₹3,084 crore under the Prevention of Money Laundering Act (PMLA) in connection with a money laundering investigation involving Anil Ambani’s business group.
Key Points: Properties Include
Approximately 40 properties have been attached in several cities, including Mumbai, Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari.
These properties include Anil Ambani’s residence in Pali Hill, Bandra, Mumbai, and the “Reliance Centre” office complex on Ranjit Singh Marg in Delhi.
The ED order was reportedly issued on October 31 under Section 5(1) of the PMLA.
Allegations: Why the Investigation Began (Main Allegation)
+ The investigation revolves around the alleged diversion of funds by the Reliance Group through its two finance companies: Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (Anil Ambani Chairman). The ED alleges:
+ Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL instruments and ₹2,045 crore in RCFL instruments, which had become non-performing by the end of 2019: ₹1,353.50 crore was outstanding in RHFL and ₹1,984 crore in RCFL.
+ It is alleged that the funds were routed through shell companies with weak borrower profiles, incomplete documentation, and misuse of funds.
The ED states that several loans were sanctioned, disbursed, and documented in suspicious ways: “application, sanction, agreement all on the same day,” disbursing money before the application, leaving documents blank or overwriting them. The investigation also extends to old Reliance Communications Limited (RCOM) loans: Allegations of diversion of over ₹13,600 crore, of which ₹12,600 crore was given to related parties, ~₹1,800 crore invested in FDs/MFs, etc., and then re-routed.
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