The Enforcement Directorate (ED) has attached assets valued at Rs 3,084 crore linked to Anil Ambani, Chairman of the Reliance Group, as part of a money laundering investigation. This action, announced on Monday, includes Ambani's residence in Pali Hill, Mumbai, along with various residential and commercial properties across several cities including Delhi, Noida, Ghaziabad, Pune, Thane, Hyderabad, Chennai, and East Godavari.

The ED's provisional orders, issued under the Prevention of Money Laundering Act (PMLA), also encompass a significant plot at the Reliance Centre on Maharaja Ranjit Singh Marg in Delhi. The investigation focuses on the alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).

Between 2017 and 2019, Yes Bank invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL. By December 2019, these investments had turned into non-performing assets, with outstanding amounts of Rs 1,353.50 crore for RHFL and Rs 1,984 crore for RCFL, according to the ED.

The case involves allegations of financial irregularities and loan diversions exceeding Rs 17,000 crore across multiple Reliance Group companies, including Reliance Infrastructure. Anil Ambani was questioned by the ED in August, following extensive searches at 35 locations associated with his firms and affiliates in Mumbai on July 24. This money laundering case is based on a Central Bureau of Investigation FIR related to the same alleged irregularities.