ED Seizes 581 Crore Assets Linked to Anil Ambani Firms

March 13, 2026

India’s financial crime investigation agency, the Enforcement Directorate (ED), has seized fresh assets worth over 581 crore belonging to companies linked to industrialist Anil Ambani and his Reliance Group. The action is part of an ongoing investigation into alleged financial irregularities involving two group companies Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).

According to officials, the ED issued a provisional attachment order on March 11 after conducting search operations in connection with a case linked to Reliance Power Limited under the Foreign Exchange Management Act (FEMA).

The latest move highlights the agency’s continuing crackdown on alleged financial misconduct involving companies associated with the Reliance Anil Ambani Group.

31 Properties Attached Across Multiple States

The ED said it has attached 31 immovable properties valued at approximately ₹581.65 crore as part of the investigation. These properties mainly include land parcels located in several states such as Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan.

Officials explained that the seized assets are believed to represent proceeds of crime generated through alleged financial irregularities. The attachment prevents the owners from selling or transferring these properties while the investigation continues.

Authorities said the seizure followed a series of searches conducted on March 6 at locations linked to the group’s business operations.

Allegations of Fund Diversion

Investigators allege that RHFL and RCFL raised significant funds from banks and financial institutions but diverted a large portion of the money through a network of shell companies. These shell entities reportedly had minimal business operations and were allegedly used to route funds within various companies of the group.

According to the ED, more than ₹11,000 crore in loans and public funds raised by the companies eventually turned into non-performing assets (NPAs), raising concerns about possible misuse of funds.

The investigation stems from a Central Bureau of Investigation (CBI) case filed following complaints from banks including Yes Bank, Union Bank of India and Bank of Maharashtra.

Total Seizures in Reliance Group Cases Rise

The ₹581-crore attachment is part of a broader investigation into alleged financial misconduct involving multiple companies of the Reliance Anil Ambani Group.

Officials said the ED had already attached assets worth more than ₹15,729 crore in previous cases related to RHFL, RCFL and Reliance Communications Limited (RCOM). With the latest action, the total value of assets attached in cases linked to the group has reached around ₹16,310 crore.

The agency has also frozen certain bank accounts and financial instruments connected to some group companies during earlier stages of the probe.

Investigation Still Ongoing

The Enforcement Directorate has stated that further investigation is underway to track the flow of funds and identify additional assets connected to the alleged financial irregularities. Officials are examining financial transactions, corporate records and links between various companies associated with the Reliance Group.

Experts say the case is one of the largest ongoing financial probes involving a major Indian corporate group. The outcome could have significant implications for the companies involved as well as the broader financial and banking sector.

Authorities have not ruled out further attachments or legal action as the probe continues.