Anil Ambani Money Laundering Case: ED Attaches Assets Worth Over Rs. 3000 Crore

Indian businessman Anil Ambani is in big breakdown as the Enforcement Directorate (ED) attaches his worth of over Rs. 3000 crore in a money laundering case against him. The ED has attached these assets which are linked to Anil Ambani, who is the Chairman of Reliance Group, as part of an alleged money laundering investigation against him, as per the PTI.

Anil Amabani’s companies are under investigation by the ED. The probe is linked to the ‘diversion of public funds’ by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The main allegation is that these public funds raised through RHFL and RCFL were diverted and laundered through transactions involving entities linked to the Anil Ambani Group.

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According to the ED officials, the attachment orders were issued on October 31 and the assets include Anil Ambani’s family’s residence in Mumbai’s Pali Hill area, and his office, the Reliance Center in New Delhi, and several other residential, commercial and land assets spread across Delhi, Ghaziabad, Noida, Mumbai, Thane, Pune, Hyderabad and Chennai.

What is the case? 

From 2017 to 2019, YES Bank invested Rs. 2,965 crore in RHFL instruments and Rs. 2,045 crore in RCFL instruments respectively. But, these investments turned out as non-performing, resulting in Rs. 1,353.50 crore outstanding for RHFL and Rs. 1,984 crore for RCFL.

The ED investigation revealed that Reliance Nippon Mutual Fund’s direct investment in the financial businesses of the Anil Ambani Group was illegal under the Securities and Exchange of India (SEBI). The ED said the loans were speed-processed with no due diligence in applications; sanctions and agreements occurred on the same day. Funds were disbursed even before loan applications were filed. They did term this act as an intentional and consistent control failure.

The ED probe began after an FIR by the CBI was filed against multiple companies under the Reliance Group. Searches in 35 premises in July 2025, leading to the discovery of irregular financial transactions, as per some media reports.