ED Attaches Rs 581 Crore Assets of Anil Ambani's Reliance Group
Analysis based on 27 articles · First reported Mar 12, 2026 · Last updated Mar 12, 2026
The market impact is negative for the Reliance Group and its associated companies, as significant assets are being attached and investigations continue, raising concerns about their financial stability and corporate governance. For the banking sector, the recovery of non-performing assets could be a positive, but the initial losses contribute to broader financial market uncertainty.
The India===Enforcement Directorate (ED) has attached additional properties worth Rs 581.65 crore belonging to Reliance Capital===Reliance Home Finance and Reliance Capital===Reliance Commercial Finance, both linked to Anil Ambani's Reliance Group. This action follows search operations related to Reliance Power under FEMA and is part of an ongoing investigation stemming from a CBI FIR based on complaints from Yes Bank, Union Bank of India, and Bank of Maharashtra. The ED alleges that Reliance Capital===Reliance Home Finance and Reliance Capital===Reliance Commercial Finance raised public funds from multiple banks and financial institutions, with over Rs 11,000 crore turning into non-performing assets. These funds were allegedly diverted to various Reliance Group companies, including Reliance Infrastructure, Reliance Power, Reliance Communications, and IndusInd Capital, through a large number of shell entities. The ED has also seized balances in 13 bank accounts of Reliance Infrastructure to the tune of Rs 77.86 crore. The cumulative asset attachment for the Reliance Group has now reached Rs 16,310 crore, indicating alleged 'mala fide intent' by group promoters and key persons.
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