The Enforcement Directorate announced attaching new properties valued at Rs 1,021 crore in the Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) case. This action brings the total attachments in the Reliance Anil Ambani Group cases to Rs 20,367 crore under the PMLA provisions. The investigation into RHFL and RCFL was initiated based on multiple FIRs filed by the CBI following complaints from various public and private sector banks.
The probe revealed that public funds of Rs 15,548 crore raised by RHFL and RCFL were diverted through a network of shell and group companies controlled by the Reliance Anil Ambani Group. The attached properties include equity shares of Reliance Power Limited held by Reliance Infrastructure Limited and certain loan amounts receivable from Sasan Power Limited and Reliance Power Limited. The Enforcement Directorate is conducting multiple cases against the Reliance Anil Ambani Group under PMLA and FEMA regulations.
Properties worth Rs 77.86 crore have also been attached under FEMA provisions. Eight senior officers and close associates of the Reliance Anil Ambani Group have been arrested under PMLA and are currently in Judicial Custody. The Enforcement Directorate has formed a Special Investigation Team (SIT) to expedite the investigation into these cases. Recent search operations at E-Complex Private Limited premises and a director’s residence led to the discovery and seizure of evidence related to suspicious transactions and assets linked to the Reliance Anil Ambani Group.
