The directorate of enforcement (ED) has provisionally attached more than 132 acres of land in the Dhirubhai Ambani Knowledge City (DAKC) complex at Navi Mumbai, valued at over Rs4,462 crore, in connection with the ongoing money-laundering investigation into the Reliance Communications Ltd (RCOM) bank fraud case. The attachment has been made under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
With this latest action, the cumulative attachment of assets in various cases involving the Reliance Anil Dhirubhai Ambani (ADA) group has now crossed Rs7,500 crore, the agency says in a statement.
The special task force (STF) at the ED headquarters has carried out the provisional attachment, following an investigation initiated on the basis of a first information report (FIR) registered by central bureau of investigation (CBI) against RCOM, its promoter Anil Ambani and others. The FIR had been registered under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), and 420 (cheating) of the Indian Penal Code, along with sections 13(2) and 13(1)(d) of the Prevention of Corruption Act, 1989.
According to ED, RCOM and its associated companies had availed loans worth about Rs40,185 crore from both domestic and foreign lenders between 2010 and 2012. At least five banks have, since, classified these loan accounts as fraudulent.
The agency’s investigation has uncovered what it describes as large-scale diversion and misuse of funds. Loans taken from one bank were allegedly used to repay loans from another, or transferred to related entities, in clear violation of lending terms. ED says over Rs13,600 crore was diverted for 'evergreening' of loans, while Rs12,600 crore was transferred to connected parties. An additional Rs1,800 crore was parked in fixed deposits and mutual funds before being liquidated and routed back to group entities.
The probe has also found extensive misuse of bill-discounting facilities to funnel money to connected companies. Some loan amounts were allegedly siphoned off abroad through outward remittances.
“The total attachment in these cases now stands at over Rs7,545 crore,” the agency says, adding that it remains committed to tracing and restoring proceeds of crime to their rightful claimants. Further investigation is in progress.
On 31 October 2025, ED had provisionally attached more than 42 properties of the Reliance ADA group valued at over Rs3,083 crore under PMLA. These included assets of Reliance Infrastructure Ltd, Adhar Property Consultancy Pvt Ltd, Mohanbir Hi-Tech Build Pvt Ltd, Gamesa Investment Management Pvt Ltd, Vihaan43 Realty Pvt Ltd (formerly Kunjbihari Developers Pvt Ltd), and Campion Properties Ltd. (
Read: Anil Ambani’s Mumbai Home, Delhi Properties Among Rs3,084 Crore Assets Attached by ED)
Among the high-profile assets previously attached were the Pali Hill residence, the Reliance Centre on Maharaja Ranjeet Singh Marg in New Delhi, and several commercial and residential properties located across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kancheepuram and East Godavari.
The October 2025 attachments were part of ongoing investigations into alleged bank frauds involving RCOM’s borrowings from the State Bank of India and those by Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL) from Yes Bank.
The latest move marks one of the largest property attachments by ED in a corporate loan fraud case linked to a major business conglomerate. Officials say the STF is continuing to identify assets held in the names of group entities and individuals connected to the alleged laundering of bank funds.
ED officials say that the agency’s focus remains on ensuring that proceeds of crime, often hidden through complex corporate structures, are recovered and returned to the financial institutions defrauded in these cases.
ED has pegged the overall scale of financial irregularities across the Reliance group at over Rs17,000 crore, covering multiple lending transactions and alleged fund diversions between 2006 and 2019.
Adding to Mr Ambani’s troubles, investigative platform Cobrapost recently published a report alleging that the Reliance ADA group had engaged in 'a massive banking fraud' totalling about Rs28,874 crore since 2006. The report claimed that funds raised through bank loans, public issues, and bonds by several listed ADAG companies were siphoned off through a complex network of shell entities and layered transactions.
ED’s ongoing actions mark a significant escalation in the scrutiny of the Reliance ADA group which has faced multiple regulatory and financial setbacks over the past decade. The group’s telecom venture, RCOM, went bankrupt in 2019, while several of its infrastructure and finance companies have been battling debt defaults and insolvency proceedings.
Officials say the attached assets will remain under provisional attachment for 180 days, during which ED will move the adjudicating authority under PMLA to confirm the attachment. Once confirmed, the assets may be subject to further confiscation proceedings, if the agency determines that they represent the proceeds of a crime.
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Loans and advances, later written off, for windfall tax evasions should also be probed. Did Anil Ambani siphon all funds himself.. no, he could not have unless his stooges Amitabh Jhunjhunwala and Sateesh Seth orchestrated the execution of siphoning. So why leave the executors of siphoning from the long arms of the law. Why only attach the Abode of Anil Ambani, when the executors Amitabh Jhubjhunwala and Sateesh Seth were also beneficiaries of the “proceeds of crime”, else the profits of ADAG companies did not warrant their big fat salaries (for their dismal performances) let alone the mind boggling bonuses (given the same way Angrai Sethuraman got 22 Cr and 18 crore loans that were never paid and eventually written off.
If ED has issued lookout circular in name of Anil Ambani, there is no way it would not have issued lookout circular in name or Sateesh Parshuram Seth and other top facilitators of ADAG