The Enforcement Directorate (ED) provisionally attached assets worth Rs 3,034.90 crore on 28 April 2026 in the Reliance Communications Ltd. (RCOM) bank fraud case. The total value of assets attached in cases linked to the Reliance Anil Ambani Group (RAAG) has crossed Rs 19,344 crore.
Provisional Attachment under PMLA
The attachment was made under Section 5 of the Prevention of Money Laundering Act (PMLA), 2002. Section 5 of the PMLA permits provisional attachment of property during investigation to prevent transfer, concealment, or dissipation of assets. The PMLA, 2002 is the principal Indian law for the prevention of money laundering and for confiscation of property derived from proceeds of crime. The Act was enacted in 2002 and came into force on 1 July 2005.
Properties Attached
- The attached properties include a premium flat in Usha Kiran Building in Mumbai.
- The ED also attached a farmhouse in Khandala near Pune.
- A land parcel in Sanand, Ahmedabad, was also attached.
- The attachment includes 7.71 crore shares of Reliance Infrastructure Ltd. held by M/s Risee Infinity Pvt Ltd.
Entities and Investigation Background
M/s Risee Infinity Pvt Ltd is an entity under the RiseE Trust, which is a private family trust of Anil Ambani’s family members. The ED investigation is linked to multiple Central Bureau of Investigation (CBI) cases filed on complaints from the State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India. The complaints concern RCOM, Anil Ambani, and other persons connected with the group. The ED has stated that RCOM and its group companies allegedly owe Rs 40,185 crore to domestic and foreign lenders.
Related Legal Process
A Special Investigation Team (SIT) formed under Supreme Court directions is examining allegations of diversion and laundering of bank and public funds by RAAG entities. The Prevention of Money Laundering Act, 2002, applies to offences listed in its Schedule and allows attachment, adjudication, and confiscation of proceeds of crime.
Last Modified: April 28, 2026