The Enforcement Directorate attaches assets worth ₹1,120 crore from Anil Ambani group companies in its ongoing investigation linked to the alleged Yes Bank fraud.

The Enforcement Directorate has provisionally attached assets valued at ₹1,120 crore belonging to firms under the Anil Ambani-led Reliance Group as part of its expanding money-laundering investigation connected to the alleged Yes Bank fraud.

According to the agency, the attachments span a wide range of properties, including the Reliance Centre in Ballard Estate, a commercial building in Andheri East, residential units and a guesthouse in Santacruz, all linked to Reliance Infrastructure Limited. In addition, the order covers 231 land parcels and seven residential flats in Chennai tied to Reliance Value Services Private Limited.

Movable assets such as bank deposits, fixed deposits and unlisted shareholdings have also been frozen. These belong primarily to Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), both accused of being involved in transactions now under scrutiny.

With this latest action, the cumulative value of ED-attached Reliance Group assets rises to ₹10,117 crore, following earlier attachments exceeding ₹8,997 crore. The agency maintains that between 2017 and 2019, Yes Bank invested nearly ₹5,010 crore in RHFL and RCFL instruments, which later turned non-performing. Investigators allege that the companies routed over ₹11,000 crore in public funds through a complex financial trail involving Yes Bank and the erstwhile Reliance Nippon Mutual Fund.

The Reliance Group has consistently stated that Anil Ambani is not involved in the daily operations of the companies in question.

The ED said its investigation indicates that public money reached the group companies through a “circuitous route”, violating regulatory norms, and asserted that it remains committed to recovering proceeds of crime in the case.

The scale of attachments underscores how aggressively financial crime investigations are now being pursued, especially when public funds are involved. For investors and lenders, the case highlights the need for stronger due-diligence mechanisms and clearer accountability in large corporate lending. The outcome of this probe could also influence future regulatory reforms in India’s financial sector.