Home / Business and Economy / Reliance Anil Ambani Group Faces $350M Asset Freeze in Money Laundering Probe
Reliance Anil Ambani Group Faces $350M Asset Freeze in Money Laundering Probe
3 Nov
Summary
- India's financial crime agency freezes $350.87M in Reliance Anil Ambani Group assets
- Probe involves loans taken from YES Bank between 2017-2019, with funds allegedly routed to group-linked entities
- Enforcement Directorate blocks transactions on residential units, land parcels across Mumbai, Delhi, Chennai
As of November 3rd, 2025, India's financial crime agency, the Enforcement Directorate, has provisionally frozen 30.84 billion rupees ($350.87 million) in assets linked to the Reliance Anil Ambani Group. This action is part of an ongoing money laundering investigation.
The investigation centers around loans taken by the Reliance Group, owned by billionaire Anil Ambani, from India's YES Bank between 2017 and 2019. The loans, totaling over $568.86 million, were allegedly routed to group-linked entities, resulting in no returns on the investments.
In response, the Enforcement Directorate has now blocked any transactions from taking place on residential units and land parcels across the cities of Mumbai, Delhi, and Chennai, including Anil Ambani's family residence in Mumbai. This move aims to prevent the further diversion or laundering of the funds.
The agency has cited issues such as weak borrower profiles, missing documentation, and the misuse of funds in this case, which involves the alleged diversion and laundering of public money.
