Overview
- The new provisional attachment covers more than 18 properties, fixed deposits, bank balances, and unquoted shareholdings linked to Reliance Anil Ambani group entities.
- Assets named by the ED include holdings tied to Reliance Infrastructure, Reliance Power, Reliance Value Service, Reliance Venture Asset Management, Phi Management Solutions, Adhar Property Consultancy, and Gamesa Investment Management.
- RHFL and RCFL together received over ₹11,000 crore in public funds as Yes Bank invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL during 2017–2019, which later turned non-performing.
- The ED alleges loans across the group were recycled for evergreening, transfers to connected parties, and investments later rerouted, including ₹13,600 crore for evergreening, ₹12,600 crore to related parties, and ₹1,800 crore into FDs and mutual funds.
- The broader probe draws on a CBI FIR and covers outstanding borrowings of about ₹40,185 crore since 2010–2012, with nine banks labeling the group’s loan accounts as alleged fraud.