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ED Expands Reliance Probe Attachments to ₹7,545 Crore, Seizes DAKC Land

The agency describes the PMLA move as provisional, citing evidence of large‑scale fund diversion across RHFL, RCFL and RCom.

Overview

  • ED said four provisional orders dated October 31 attached more than 40 properties worth about ₹3,084 crore, including Anil Ambani’s Pali Hill residence and the Reliance Centre in New Delhi.
  • The latest action adds a 132‑acre Dhirubhai Ambani Knowledge City land parcel in Navi Mumbai valued at ₹4,462.81 crore, taking total Reliance‑linked attachments reported to roughly ₹7,545 crore.
  • The money‑laundering case stems from a CBI FIR and probes funds raised by RHFL and RCFL, with Yes Bank investments from 2017–2019 turning non‑performing by December 2019.
  • Investigators allege mutual‑fund money was routed indirectly via Yes Bank to bypass SEBI conflict rules and that lending showed same‑day sanctions, disbursals before approvals, blank documents and weak security.
  • The probe has widened to RCom and related entities, where the ED cites loan evergreening and diversions of about ₹13,600 crore, including roughly ₹12,600 crore to connected parties, with asset tracing continuing for potential restitution to lenders.