The Enforcement Directorate has widened its financial probe with a fresh move in the ED Reliance Anil Ambani Group case. The federal agency has provisionally attached assets worth ₹1,021 crore, pushing its total seizures in the matter past the ₹20,000 crore mark.
New Delhi: The Enforcement Directorate (ED) on Saturday announced a fresh provisional attachment of assets worth ₹1,021 crore linked to companies of the Reliance Anil Ambani Group. With this addition, the cumulative value of properties attached in the case has climbed to ₹20,367 crore under the Prevention of Money Laundering Act (PMLA), making it one of the agency’s largest ongoing financial investigations.
The agency said the latest order covers equity shares of Reliance Power Limited held by Reliance Infrastructure Limited, along with certain loan receivables from Sasan Power Limited and Reliance Power Limited. Officials described these holdings as assets connected to proceeds of crime identified during the investigation, carried out strictly under the provisions of the PMLA.
Origins of the ED Reliance Anil Ambani Group Case
The probe traces back to multiple First Information Reports registered by the Central Bureau of Investigation against Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). These cases followed complaints filed by several public and private sector banks over irregularities in lending practices and the utilisation of borrowed funds.
According to the ED, its investigation has established that public funds amounting to ₹15,548 crore, raised by RHFL and RCFL, were systematically diverted from their intended purpose. The agency alleges the money moved through a web of shell companies and group entities controlled and managed by the Reliance Anil Ambani Group, allowing the source of the funds to be obscured through layered transfers.
Investigators say the diversion was carried out in a manner designed to disguise the money trail, with funds routed across multiple accounts before reaching their final destinations. The agency continues to examine ownership structures, corporate filings and transaction records to map the complete flow of the alleged proceeds of crime.
Scale and Progress of the Investigation
Investigators are pursuing the matter across several parallel tracks. Four Enforcement Case Information Reports have been registered under the PMLA, while three separate cases are being examined under the Foreign Exchange Management Act (FEMA). As part of these proceedings, the ED has conducted searches at more than 80 premises linked to the group.
Beyond the PMLA attachments, properties worth ₹77.86 crore have also been seized under FEMA provisions, reflecting the cross-border dimension of the alleged fund diversion.
The ED stated it has filed four prosecution complaints, commonly referred to as chargesheets, under the PMLA, along with one complaint under FEMA. Eight senior officers and close associates of the Reliance Anil Ambani Group have been arrested during the investigation and remain in judicial custody.
To speed up proceedings, the ED has constituted a Special Investigation Team in compliance with a Supreme Court order, bringing officials together to jointly examine the multiple strands of the case. Earlier this week, the agency also searched the premises of E-Complex Private Limited and the residence of one of its directors, seizing documents relating to alleged suspicious transactions and properties said to be beneficially owned by group entities.
These searches are understood to have yielded fresh documentary evidence that investigators are now cross-checking against existing financial records gathered during earlier phases of the probe, helping establish links between individual transactions and the broader diversion of funds from RHFL and RCFL.
The ED has maintained that the investigation remains active and that further action may follow depending on the evidence collected. Authorities are continuing to examine the alleged financial irregularities involving RHFL, RCFL and other related entities to determine the roles of all individuals and companies connected with the suspected diversion of public funds.
Conclusion
With assets worth ₹20,367 crore already attached under the PMLA and ₹77.86 crore under FEMA, the ED Reliance Anil Ambani Group case has emerged as one of the most significant financial probes pursued by the agency in recent years, with the scope of the inquiry expected to widen further in the months ahead.
Also read: Jacqueline Fernandez Withdraws Supreme Court Plea in ₹200 Crore Money Laundering Case
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