More Action Against Anil Ambani Group: ED Seizes Rs.4,462 Crore Knowledge City Land
The Enforcement Directorate has intensified its crackdown on the Anil Ambani Group, seizing prime land and assets worth over Rs.7,500 crore, including parts of Dhirubhai Ambani Knowledge City in Navi Mumbai.
10:22 PM Nov 03, 2025 IST
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Aakash Khuman
In a strong move against the Anil Dhirubhai Ambani Group, the Enforcement Directorate (ED) has provisionally attached over 132 acres of land belonging to Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at Rs.4,462.81 crore.
Earlier today, the agency also seized a family residence in Mumbai’s Pali Hill, Reliance Centre in Delhi, and several other properties across eight Indian cities. The action is part of an ongoing probe into alleged money laundering and fund diversion linked to Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd.
Company Clarification
In a regulatory filing, Reliance Infrastructure Ltd. (R-Infra) clarified that these developments have no impact on its business operations, shareholders, or employees. The company also highlighted that Anil Ambani has not been a board member of R-Infra for over 3.5 years.
Legal Basis and Investigation
The fresh attachments were made under the Prevention of Money Laundering Act (PMLA) in connection with bank fraud cases linked to Reliance Communications Ltd. (RCOM). With this, the total value of assets seized by the ED related to the Reliance Group now crosses Rs.7,500 crore. Previous seizures included 42 properties worth over Rs.3,083 crore connected to RCOM, Reliance Commercial Finance Ltd., and Reliance Home Finance Ltd.
What the Probe Revealed
According to the ED, between 2010 and 2012, RCOM and its group companies borrowed around Rs.40,185 crore from both domestic and international lenders. Later, five banks declared the accounts fraudulent, prompting multiple investigations.
The probe found that:
Rs.13,600 crore was allegedly diverted for evergreening loans,
Rs.12,600 crore went to related parties, and
Rs.1,800 crore was invested in mutual funds before being rerouted to group entities.
The agency also flagged misuse of bill discounting and illegal outward remittances abroad.
Case Background
The case originated from a CBI FIR filed under Sections 120-B, 406, and 420 of the IPC, along with Sections 13(1)(d) and 13(2) of the Prevention of Corruption Act, naming Anil Ambani, RCOM, and others.
The ED reiterated that it remains committed to pursuing financial offenders and ensuring the recovery of laundered assets. Further investigation is currently underway.
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