March 13, 2026 : The Directorate of Enforcement (ED) has provisionally attached 31 immovable properties valued at more than ₹581 crore in connection with its investigation into Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).

According to the ED, the attached properties include land parcels spread across several states such as Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan.

The action follows search operations conducted on the 6th of this month in a related case involving Reliance Power Limited under the provisions of the Foreign Exchange Management Act, 1999 (FEMA).

The agency stated that it had previously attached properties worth more than ₹15,729 crore in bank fraud cases linked to RCFL, RHFL and Reliance Communications Limited. With the latest attachment, the total value of assets attached in cases related to the Reliance Anil Ambani Group has now crossed ₹16,310 crore.

During searches carried out under the Prevention of Money Laundering Act, 2002 (PMLA) and FEMA, assets worth ₹2.48 crore in the form of fixed deposits, mutual funds and cash were also frozen or seized. In addition, the ED seized balances amounting to ₹77.86 crore from 13 bank accounts of Reliance Infrastructure Limited under Section 37A of FEMA.

As per the investigation, RHFL and RCFL had raised funds from several banks and financial institutions, out of which more than ₹11,000 crore later turned into non-performing assets (NPAs). The ED alleged that these funds were diverted to various group companies, including Reliance Infrastructure, Reliance Power, Reliance Communications and Reliance Capital Limited, through shell and dummy entities that had minimal financial capacity and little or no business operations.

The ED said that further investigation in the matter is currently underway.