In Mumbai, the Enforcement Directorate (ED) has provisionally frozen properties valued at approximately ₹3,084 crore linked to entities of the Reliance Anil Ambani Group amid allegations of public fund diversion and laundering. The seized assets comprise the residence located at Pali Hill in Bandra (West), Mumbai, the Reliance Centre property in New Delhi, and various properties across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (including Kancheepuram), and East Godavari. These include office spaces, residential units, and land parcels. The total value of the assets attached across four separate orders is around ₹3,084 crore. These orders were issued on October 31, 2025, under Section 5(1) of the Prevention of Money Laundering Act (PMLA).
The investigation pertains to the alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL). Between 2017 and 2019, Yes Bank invested ₹2,965 crore in RHFL instruments and ₹2,045 crore in RCFL instruments, which became nonperforming investments by December 2019, with outstanding amounts of ₹1,353.50 crore for RHFL and ₹1,984 crore for RCFL. The ED’s inquiry revealed that direct investments by the former Reliance Nippon Mutual Fund into Anil Ambani Group financial companies were not permitted under the Securities and Exchange Board of India’s mutual fund conflict of interest regulations.