Anil Ambani’s Reliance Group is facing intensifying heat from the Enforcement Directorate (ED), which has provisionally frozen over ₹3,000 crore worth of assets—including Ambani’s Pali Hill home as part of a sweeping money laundering probe linked to major loan defaults and alleged fund diversions.

The ED has attached more than 40 properties spanning key Indian cities—Mumbai, Delhi, Noida, Pune, Hyderabad, and Chennai—under Section 5(1) of the Prevention of Money Laundering Act (PMLA). The move follows findings that public money raised through Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL) was diverted through a complex network of shell entities and conflicted investments. Advertisement

Between 2017 and 2019, Yes Bank reportedly invested ₹5,010 crore in RHFL

See Full Page