10 publishers · first seen Tue, 03 Nov 2026 00:00 UTC · updated Tue, 03 Nov 2026 17:29 UTC
The Enforcement Directorate (ED) has attached assets worth Rs 510 crore belonging to the Reliance Anil Ambani Group in connection with ongoing investigations into alleged bank fraud. The attached assets include two chartered aircraft, bank balances, fixed deposits, land parcels, office premises, receivables, and investments. The ED has attached assets worth Rs 263.05 crore in the Reliance Home Finance Ltd and Reliance Commercial Finance Ltd cases, and Rs 247.12 crore in the Reliance Communications Ltd case. With these latest attachments, the total value of assets attached or seized by the ED in various cases involving the Reliance Anil Ambani Group has reached approximately Rs 23,100 crore. The investigations are being conducted under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA).
The ED investigation has revealed the alleged siphoning off of public funds obtained from banks and financial institutions, misuse of the Insolvency and Bankruptcy Code (IBC) to fraudulently ring-fence corporate assets for personal benefit, and diversion of public funds from India to offshore tax havens.
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