The Enforcement Directorate (ED) attaches assets worth Rs 510 crore in cases involving companies in the Reliance Anil Ambani Group, alleging bank-related fraud and related money-laundering. Multiple outlets report that the ED has attached two chartered aircraft and a mix of land and other assets, and that the action is linked to bank fraud cases involving Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), as well as Reliance Communications Ltd (RCOM).
The ED alleges that public funds were siphoned from banks and financial institutions and that funds were diverted through mechanisms described as misuse of insolvency provisions and movement of money offshore. Outlets also say the ED has so far arrested people and filed prosecution complaints under the Prevention of Money Laundering Act (PMLA). NDTV and The Hindu focus on the asset list and the ED’s stated allegations, while Free Press Journal adds more detail on the specific fraud sizes and broader investigation scope.
Several reports also place the latest Rs 510-crore attachment within a wider pattern: NDTV states the cumulative attached or seized value is nearly Rs 23,100 crore in other cases involving the group, with investigations also described as spanning PMLA and Foreign Exchange Management Act (FEMA).
