ED Attaches Additional ₹1,021 Crore Assets in Reliance Group Money Laundering Case

New Delhi: The ED has attached additional assets worth ₹1,021 crore in its money laundering investigation linked to Reliance Home Finance Ltd and Reliance Commercial Finance Ltd, taking the total value of assets attached in cases involving Anil Ambani-led Reliance Group companies to ₹20,367 crore under the Prevention of Money Laundering Act (PMLA).

The agency has also attached assets worth ₹77.86 crore under the Foreign Exchange Management Act (FEMA).

The money laundering probe stems from multiple FIRs registered by the CBI based on complaints filed by several public and private sector banks.

According to the ED, its investigation has found that ₹15,548 crore of public funds raised by Reliance Group companies was allegedly diverted in a planned manner to several shell entities and group companies controlled by the Anil Ambani Group.

The newly attached assets include equity shares of Reliance Power Ltd held by Reliance Infrastructure Ltd, along with loan receivables due from Sasan Power Ltd and Reliance Power Ltd.

The ED is currently investigating four cases under the PMLA and three cases under the FEMA. As part of the probe, the agency has conducted searches at more than 80 locations, filed four prosecution complaints under the PMLA and one complaint under the FEMA.

The central agency has also arrested eight senior officials and close associates linked to the Reliance Group in connection with the ongoing investigation.