New Delhi: In a sweeping action that has sent ripples across India’s corporate sector, the Enforcement Directorate (ED) has provisionally attached assets worth ₹3,716 crore linked to industrialist Anil Ambani. The properties include his prominent 17-storey luxury residence ‘Abode’ in Mumbai’s upscale Pali Hill locality, estimated to be worth ₹473.17 crore. The move comes as part of an ongoing probe into alleged bank fraud and money laundering involving Reliance Communications (RCom). Anil Ambani has been summoned for questioning for the second time in the case, having earlier recorded his statement in August 2025.
The investigation centers on alleged diversion of public funds and financial irregularities involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) in their dealings with Yes Bank between 2017 and 2019. The ED alleges that substantial loans and investments — including a ₹3,000 crore loan — were sanctioned under questionable circumstances, with funds reportedly routed to private accounts of the bank’s promoters prior to approvals. By December 2019, the investments had turned into non-performing assets. So far, the agency has attached assets worth ₹12,000 crore and filed three Enforcement Case Information Reports (ECIRs) against Reliance Group companies, signaling a deepening probe into one of the country’s high-profile financial investigations.
