The Enforcement Directorate (ED) has provisionally attached assets totaling Rs 1,885 crore of Anil Ambani’s Reliance Group. These assets include immovable properties, bank balances, receivables, and shareholding in unquoted investments. The attachments are related to cases involving Reliance Home Finance Ltd (RFHL), Reliance Commercial Finance Ltd (RCFL), Yes Bank fraud, and Reliance Communication Ltd (RCOM) bank fraud.
The attached assets consist of shareholding of Reliance Infrastructure Ltd in BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd, and Mumbai Metro One Private Ltd. Additionally, a bank balance of Rs 148 crore and receivables worth Rs 143 crore have been provisionally attached with M/s Value Corp Finance and Securities Ltd. Furthermore, a residential house owned by Angarai Sethuraman and shares/mutual funds held by Puneet Garg, both senior employees of Reliance Group, have been provisionally attached.
The ED had previously attached properties exceeding Rs 10,117 crore in bank fraud cases involving RCOM, RCFL, and RHFL. The total attachment across the group has now reached approximately Rs 12,000 crore. The ED’s investigation uncovered fraudulent diversion of public funds by various Anil Ambani Reliance Group companies, including RCOM, RHFL, RCFL, Reliance Infrastructure Ltd (RIL), and Reliance Power Ltd.
