Indian financial crimes agency freezes Anil Ambani Group properties worth $63 million

Reliance Power

12/03/2026 14:17

March 12 (Reuters) - India's financial crimes agency has frozen 5.82 billion rupees ($63.07 million) worth of properties linked to Reliance Home Finance Limited RLIC.NS and Reliance Commercial Finance, the Enforcement Directorate said on Thursday.

The move followed search operations conducted on March 6 in the case of Reliance Power Limited RPOL.NS under the foreign-exchange regulation law.

With this, the cumulative Reliance Anil Ambani Group attachment has reached 163.10 bln rupees.

ED said it began the probe on July 22, 2025 based on multiple FIRs from the Central Bureau of Investigation involving cheating and criminal conspiracy, following complaints by Yes Bank YESB.NS, Union Bank of India UNBK.NS and Bank of Maharashtra BMBK.NS.

The agency said Reliance Home Finance and Reliance Commercial Finance raised over 110 billion rupees in public funds from banks.

It found public funds were diverted to various Reliance Group companies through numerous shell entities controlled by the Anil Ambani-led group.

ED said it is pursuing those involved and working towards recovering the diverted funds for rightful claimants and further investigation is ongoing.

A query sent to Anil Ambani's Reliance group was not immediately answered.

($1 = 92.2770 Indian rupees)

 (Reporting by Nikunj Ohri and Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)

 ((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))