Overview
- Fresh action includes provisional attachment of 132 acres at Dhirubhai Ambani Knowledge City in Navi Mumbai valued at about Rs 4,462.81 crore, taking the cumulative tally to roughly Rs 7,545 crore.
- Four orders issued on October 31 had earlier attached 42 properties worth around Rs 3,084 crore, including the Pali Hill residence in Mumbai and the Reliance Centre in New Delhi, with assets across multiple cities.
- The case centers on Yes Bank’s 2017–2019 investments in RHFL and RCFL that later turned non-performing, with the ED alleging indirect routing of mutual-fund money barred from direct exposure to group finance arms.
- The ED cites a pattern of control failures and diversion, alleging over Rs 13,600 crore used for loan evergreening, Rs 12,600 crore moved to connected parties, and about Rs 1,800 crore parked in FDs and mutual funds.
- Reliance Infrastructure says the provisional attachments have no impact on operations and notes Anil Ambani is not on its board, as the PMLA probe based on a CBI FIR continues with fund-tracing and further actions.