The directorate of enforcement (ED) has provisionally attached assets worth ₹3,034.90 crore in connection with an alleged bank fraud involving Reliance Communications Ltd (RCOM), marking a significant escalation in its investigation into the Reliance Anil Dhirubhai Ambani (ADA) group.
The attachment has been carried out under the Prevention of Money Laundering Act (PMLA), 2002, and includes a range of high-value properties and financial assets. Among them are a residential flat in Mumbai’s Usha Kiran building, a farmhouse in Khandala, a land parcel in Sanand in Gujarat, and 7.71 crore shares of Reliance Infrastructure Ltd.
The shares are held through a group entity under the RiseE Trust structure which investigators say is a private family trust linked to Anil Ambani.
The agency says the attachment is necessary to prevent any transfer or disposal of these assets and to safeguard the interests of banks and the public. The investigation began following multiple first information reports (FIRs) registered by central bureau of investigation (CBI) based on complaints from major lenders, including State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation of India (LIC).
According to ED, RCOM and its group entities had taken loans from domestic and international lenders, with total outstanding dues estimated at about ₹40,185 crore.
The investigation has indicated that certain assets were placed under the RiseE Trust framework, which was created to consolidate family-owned properties and shield them from liabilities arising from personal guarantees extended to banks.
ED has alleged that these assets were effectively meant for the benefit of the promoter family rather than for recovery by lenders whose loans had turned non-performing.
Officials say that under provisions of the PMLA, attached assets can eventually be confiscated and returned to legitimate claimants, including banks that suffered losses. The current action is aimed at preserving the value of these assets pending legal proceedings, ensuring that recovery of public funds remains possible.
With this latest action, the total value of assets attached in cases linked to the group has crossed ₹19,344 crore, according to an official statement.
The agency says the investigation is ongoing and further action may follow as more evidence is examined.
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Few years back Anil Ambani declared that his net worth is zero and has borrowed funds from mother and sold wife’s jewellery to pay legal fees. His statement is coming true after 9 years, and may need to walk the talk, as RInfra and RPower slip out of his control.
No doubt, the family issued a statement for the first time since July 2025; till now they were using the RInfra and RPower machinery to release statements at every stage.
If RInfra lands up at NCLT in 2027 and a IRP is appointed, the first thing they are going to do is to make CLE expedite the payments of 6000 crore plus to RInfra. This would be in addition to the 73000 crore loan siphoning pegged by CBI.
From an expansive empire to ground zero, Anil Ambani has seen it all going away in last 20 years. The war he waged on his brother could not have a more ironic ending 20 years later. While funds are stashed abroad, the fund manager Amitabh Jhunjhunwala is stashed inside Tihar, with anyone agency waiting for the first agencies remand to get over. Even inmates don’t want him to leave anytime soon, as his dancing moves at 70 has fans demanding he shows his Govinda moves, and tries his skills at mimicking Amitabh bacchhan for evening entertainment of some hardened ones every evening. The multi faceted fund manager who was behind production of many movies, has started doing evening shows himself on popular Bollywood numbers to keep others entertained with agility & stamina of a 17 year old.
Going back on the latest attachments, Anil Ambani is left with no business or business operations under his control in his home country once the attachment becomes permanent in 6 months. The strategy of investigators is getting clearer, they are securing assets to cover the defaults and siphoning.