The Enforcement Directorate (ED) has taken a major action against the companies of businessman Anil Ambani’s Reliance Group on Wednesday (March 11, 2026). ED has provisionally attached 31 immovable properties worth Rs 581.65 crore in the bank fraud case involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
According to the ED, the attached properties are spread across several states in the country, including pieces of land located in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan.
Even before, property worth thousands of crores had been seized.
ED said that even before this, assets worth more than Rs 15,729 crore have been attached in bank fraud cases related to RHFL, RCFL and Reliance Communications (RCOM). After the latest action, the total attached assets related to Reliance Anil Ambani Group has reached approximately Rs 16,310 crore.
Apart from this, assets worth Rs 2.48 crore have also been seized or frozen during the raids. This amount was in the form of fixed deposits, mutual funds and cash. Whereas, about Rs 77.86 crore present in 13 bank accounts of Reliance Infrastructure Limited has also been frozen.
Investigation started after CBI FIR
ED started investigation in this case on July 22, 2025. This action was taken on the basis of several FIRs of the Central Bureau of Investigation (CBI). These FIRs were registered after complaints from Yes Bank, Union Bank of India and Bank of Maharashtra.
Investigation revealed that RHFL and RCFL had taken loans worth thousands of crores of rupees from many banks and financial institutions. Of these, an amount of more than Rs 11 thousand crore later turned into NPA (Non-Performing Asset).
Misappropriation of money through shell companies
ED investigation also revealed that the money collected from these companies was transferred to many other companies. These include companies like Reliance Infrastructure Limited, Reliance Power Limited, Reliance Communications and Reliance Capital Limited. According to the investigating agency, this money was diverted through a large number of shell or dummy companies. These companies neither had sufficient financial capacity nor any real business activity.
