A Landmark Enforcement Move
In a sweeping action that has stunned India’s corporate world, the Enforcement Directorate (ED) on October 31, 2025, attached assets worth ₹3,084 crore belonging to Anil Ambani, Chairman of the Reliance Group. The move, executed under the Prevention of Money Laundering Act (PMLA), includes Ambani’s lavish Pali Hill bungalow in Mumbai and dozens of high-value properties across major Indian cities.
This is one of the most significant actions against a top industrialist under India’s anti-money laundering framework, signaling a decisive shift in how authorities are tackling corporate financial misconduct.
The Road to Scrutiny: Years in the Making
The ED’s action follows years of financial and legal turbulence surrounding Ambani’s group companies—especially Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
Between 2017 and 2019, Yes Bank invested nearly ₹5,000 crore in debentures issued by these firms. However, by late 2019, these investments turned sour, becoming non-performing assets (NPAs). Yes Bank was left with ₹1,353 crore unpaid from RHFL and ₹1,984 crore from RCFL.
Investigator
