Image for representation purposes. | Photo credit: File
The Enforcement Directorate has provisionally attached 31 properties worth ₹581.65 crore in a case allegedly linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The cumulative bond associated with Anil Ambani’s Reliance group has now reached ₹ 16,310 crore, the agency said on Thursday (March 12, 2026).
The properties attached are in the form of lands located in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan. The attachment follows search operations conducted on March 6 in a case involving Reliance Power Limited under the Foreign Exchange Management Act (FEMA), the company said.
The ED had earlier attached assets worth over ₹15,729 crore in bank fraud cases allegedly related to RCFL/RHFL and Reliance Communications Limited (RCom). “…during the search operations under the Prevention of Money Laundering Act (PMLA) and FEMA, assets worth ₹2.48 crore in the form of fixed deposits, mutual funds and cash were frozen or seized… ED also attached balances in 13 bank accounts of Reliance Infrastructure Limited (R-Infra Section) amounting to ₹377 crore A.8. FEMA,” the agency said.
According to the ED, RHFL and RCFL received public funds from several banks and financial institutions and more than ₹11,000 crore of these funds turned into non-performing assets.
As reported, the funds were diverted to various Reliance Group companies such as Reliance Infrastructure Limited, Reliance Power Limited, RCom and Reliance Capital Limited. A large number of shell or fictitious entities “controlled and managed by the Reliance Anil Ambani Group” were allegedly used.
Published – 12 March 2026 21:07 IST
