Overview
- The attached properties include the Ambani family residence at Pali Hill in Mumbai and the Reliance Centre in New Delhi, along with assets across multiple cities.
- The order is a provisional measure under the Prevention of Money Laundering Act following months of searches and questioning tied to the case.
- ED alleges corporate loans were diverted through shell entities and cycled back to Reliance companies, pointing to round-tripping and serious control failures in lending.
- Investigators cite Yes Bank’s 2017–2019 exposures of Rs 2,965 crore to RHFL and Rs 2,045 crore to RCFL that later turned non-performing, with funds allegedly routed to group-linked firms.
- The broader investigation includes CBI charge sheets on transactions involving RCFL, RHFL and companies linked to Rana Kapoor’s family, while the Reliance Group has denied wrongdoing.