Enforcement Enforcement Directorate
ED attaches ₹510 crore in assets, including two jets, in Reliance fraud cases
This is a press release issued by the Enforcement Directorate (ED) announcing the attachment of ₹510 Crore in assets from the Reliance Anil Ambani Group in two bank fraud cases.
It matters to citizens as it details the recovery of public funds allegedly siphoned from banks and financial institutions.
Who it concerns: The Enforcement Directorate (ED), the Reliance Anil Ambani Group (including Reliance Communication Ltd, Reliance Home Finance Ltd, Reliance Commercial Finance Ltd, and others), and the general public affected by the alleged misuse of public funds.
What the ED says it did
- ED attached assets worth ₹263.05 Crore in the Reliance Home Finance Limited/Reliance Commercial Finance Limited Bank Fraud Case.
- ED attached assets worth ₹247.12 Crore in the Reliance Communication Limited’s Bank Fraud Case.
- Specific assets attached include 2 chartered aircrafts (Dassault Falcon 2000 and Embraer EMB-135BJ), 6 land parcels, one office premises in Maharashtra, 2 windmills in Tamil Nadu, bank balances, fixed deposits, and investments/receivables.
- Cumulative assets attached/seized by ED in cases against the Reliance Anil Ambani Group stand at approximately ₹23,100 Crore.
- ED initiated investigations based on FIRs from CBI Delhi, EOW Delhi, and EOW Mumbai, and investigated 2 cases under FEMA.
- ED arrested 10 individuals and filed 6 Prosecution Complaints under PMLA, 2002, and 1 complaint under FEMA.
- ED found the group involved in siphoning public funds, misuse of IBC Law to ring-fence assets for personal use, and diversion of funds to offshore tax havens.
Also in the document
- The attached aircrafts are identified as VT-AAT (Dassault Falcon 2000) and VT-OMM (Embraer EMB-135BJ legacy 650).
- ED stated that a large part of the diverted funds was utilized for the individual benefit of the promoters and their family.
How this was written
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The original document
Enforcement Directorate — Attachments, arrests and prosecution complaints under PMLA and FEMA
Press release · Ref. 33d1dfef8d20c59c · 3 Nov 2026
Read it here
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