Mumbai: In a major move against the Reliance Anil Ambani Group, the Enforcement Directorate (ED) has attached properties worth more than ₹3,083 crore under the Prevention of Money Laundering Act (PMLA), 2002. The action is linked to investigations into alleged loan fraud cases involving Reliance Communications (RCom), Reliance Home Finance (RHF), and Reliance Commercial Finance (RCF).

According to the ED’s official statement, the attachments include 42 properties across multiple cities — Mumbai, New Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, Kanchipuram, and East Godavari. These comprise 30 assets of Reliance Infrastructure Limited, five belonging to Aadhar Property Consultancy Private Limited, four from Mohaneer Hi-Tech Build Private Limited, and one each from Gamesa Investment Management Private Limited, Vihan43 Realty Private Limited, and Campian Properties Limited.

Among the high-profile assets attached are a residence in Pali Hill and the Reliance Centre on Maharaja Ranjit Singh Marg in New Delhi. The ED’s statement said the attachments were part of ongoing investigations into the SBI bank fraud by Reliance Communications and the Yes Bank fraud involving Reliance Home Finance and Reliance Commercial Finance.

The ED’s action forms part of a broader, multi-agency probe involving the Central Bureau of Investigation (CBI) and other enforcement bodies. The investigation centres on allegations that Anil Ambani’s companies diverted loans worth thousands of crores taken from public sector banks and financial institutions.

Investigators allege that the funds, intended for operational use, were instead routed through a network of shell entities and related firms, enabling what financial experts term the “evergreening” of loans — the use of new borrowings to repay old debt without actual repayment of principal.

Sources indicate that the ED has already questioned several senior executives of the Reliance ADA Group and has summoned Anil Ambani for further questioning. The probe has also revealed complex layers of financial transfers, purportedly designed to obscure the original trail of funds.

The Reliance ADA Group, which includes Reliance Communications, Reliance Infrastructure, Reliance Capital, and Reliance Power, has faced several debt and insolvency proceedings in recent years. While the group has previously denied wrongdoing, enforcement agencies maintain that the attachments are based on concrete evidence of fund diversion and misrepresentation of loan usage.

The ED’s statement added that further searches and financial scrutiny are under way as investigators continue to trace the money trail linked to the alleged fraud. The case marks one of the largest property attachment actions against a major Indian business conglomerate in recent years.