ED Attaches Rs 510 Crore Assets Of Anil Ambani Group, Total Seizures Reach Rs 23,100 Crore

 

Representative photo: A private jet ascending into a clear sky (Pexels — representative image, not one of the attached aircraft)

The Enforcement Directorate (ED) has attached assets worth Rs 510 crore linked to the Reliance Anil Ambani Group, taking the total value of assets attached or seized in its investigations against the group to about Rs 23,100 crore. The agency announced the latest action on Tuesday, November 3, 2026, in connection with alleged bank fraud cases involving the group's finance and telecom arms.

The new attachments include two chartered aircraft, land parcels, office premises, windmills, bank balances and investments. The ED said the action was taken under the Prevention of Money Laundering Act (PMLA), and that its investigations under both the PMLA and the Foreign Exchange Management Act (FEMA) are continuing.

What Was Attached On Tuesday

In the Reliance Communications Limited (RCom) case, worth Rs 247.12 crore, the ED attached two chartered planes, six land parcels and one office premises in Maharashtra. The aircraft named by the agency are a Dassault Falcon 2000 and an Embraer EMB-135BJ, also known as a Legacy 650.

In the Reliance Home Finance Limited and Reliance Commercial Finance Limited (RHFL/RCFL) case, worth Rs 263.05 crore, the attached assets include two windmills in Tamil Nadu, along with bank balances, fixed deposits, investments and receivables. Together, the two cases account for the Rs 510 crore figure announced on Tuesday.

The Two Cases Behind The Action

The ED said its PMLA investigation began on the basis of multiple first information reports registered by the Central Bureau of Investigation (CBI) and the Economic Offences Wings of the Delhi and Mumbai police. The companies under investigation include Reliance Communications, Reliance Home Finance, Reliance Commercial Finance, Reliance Infrastructure, Reliance Power and Reliance Capital.

According to the agency, its investigation found that the group was involved in siphoning public funds from banks and financial institutions, misusing the Insolvency and Bankruptcy Code to ring-fence corporate assets for personal use, and diverting public funds to offshore tax havens. These are the agency's allegations in ongoing cases; they are not a court verdict, and the persons and companies concerned are entitled to the presumption of innocence until a court decides otherwise.

How The Total Reached Rs 23,100 Crore

The Rs 510 crore attachment is only the latest step in a much larger set of proceedings. With this order, the ED said, the cumulative value of assets attached or seized in several cases against the Reliance Anil Ambani Group has reached approximately Rs 23,100 crore under the PMLA and FEMA.

The agency also said it has arrested 10 individuals in these cases so far and filed six prosecution complaints under the PMLA. Further investigation is in progress, which means more action cannot be ruled out, though no new order has been announced yet.

What Happens Next

A provisional attachment under the PMLA is not the end of the legal process. Such orders are typically subject to confirmation by the adjudicating authority, and the accused can challenge them through the legal remedies available under the law. The attached properties remain under the agency's control while the cases move forward.

For banks, the case shows how long large fraud investigations can run, with recovery through attachments and court proceedings often taking years.

Conclusion

The November 3 action underlines the scale of the ED's probe: two aircraft and a string of properties in one day, and Rs 23,100 crore in cumulative attachments. The final legal outcome, however, will depend on the courts.

Do you think attaching high-value assets like aircraft is an effective way to recover public money in bank fraud cases? Share your view in the comments.