ED has provisionally attached over 18 properties, Fixed Deposits, Bank Balance and Shareholding in Unqouted Investments of Reliance Anil Ambani Group worth Rs.1,120 Crore under PMLA, 2002 in Reliance Home Finance Limited/Reliance Commercial Finance Limited/Yes Bank Fraud Case.… pic.twitter.com/5qNMqh1B6o
— ED (@dir_ed) December 5, 2025
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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On the contrary, the younger son (also referred to as a spoilt brat), took an opposite trajectory, and is renowned to be the highest value destroyer amongst Indian Businesses. Not only has he taken the dis-honor of mercilessly destroying shareholders wealth, he has put Vijay Mallaya, Nirav Modi, Mehul Choksi and many more absconders combined as petty bank defaulters, or roadside pickpocketeers.
First it was the upscale Reliance Center opposite Santa Cruz airport that went to Yes Bank to settle a loan, now it is the iconic Reliance Center of Ballard Estate that Dhirubhai built that stands attached due to Anil Ambani's incorrigible competence to turn gold to dust.
Over 2 decades back when Dhirubhai departed without a Will, there were critics questioning his foresight, that resulted in a high voltage bollywood drama of Brothers in Arms. After washing dirty linen in public, Anil Ambani was successful in extracting his pound of flesh out of big brother. And in a matter of 10 years not only destroyed it, but took many banks in the red. Original shareholders of Dhirubhai's Reliance did have some solace, as Mukesh Ambani in a way compensated them with the value creation in RIL from the losses in Anil Ambani entities.
Though Anil Ambani did exhibit why Dhirubhai did not leave a will, it is amply clear now that Dhirubhai Ambani did have the foresight by not leaving a Will and leaving his empire in safe hands of Mukesh Ambani.. Maybe he could foresee the fate of Reliance Center in Anil Ambani's hands. That's why he structured ownership of Sea Wind in a way, to ringfence it from Anil Ambani's antics. Else Sea Wind would also have been locked up by investigators in dozens of probes, if Anil Ambani had his way.