What is the Reliance Anil Ambani Group accused of?

The Reliance Anil Ambani Group is accused of money laundering related to loans taken from YES Bank between 2017 and 2019, with funds allegedly routed to group-linked entities.

Where are the frozen Reliance Anil Ambani Group assets located?

The Enforcement Directorate has blocked transactions on residential units and land parcels across the Indian cities of Mumbai, Delhi, and Chennai, including industrialist Anil Ambani's family residence in Mumbai.

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

Q: How much in assets has the Indian government frozen from the Reliance Anil Ambani Group?

The Indian government's financial crime agency has provisionally frozen 30.84 billion rupees ($350.87 million) in assets linked to the Reliance Anil Ambani Group.

3 Nov

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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

Reliance Anil Ambani Group Faces $350M Asset Freeze in Money Laundering Probe

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.