Overview
- Provisional attachment orders dated Oct. 31 were issued under Section 5(1) of the PMLA with a total value of about Rs 3,084 crore.
- The action covers more than 40 properties, including the Ambani family residence at Pali Hill in Mumbai and the Reliance Centre in New Delhi, along with assets across multiple cities.
- The case centers on 2017–2019 Yes Bank investments of Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL that later turned non‑performing, leaving significant outstanding dues by December 2019.
- ED findings cite intentional control failures in lending, such as same‑day approvals, disbursals before sanction, blank or undated documents, inadequate security, and on‑lending to group‑linked entities.
- The probe has widened to Reliance Communications with alleged loan fraud of about Rs 13,600 crore as the ED continues asset tracing following earlier CBI cases and its August questioning of Anil Ambani.