Back to today’s briefing

Story perspectives

ED Freezes INR75 Billion in Reliance Money-Laundering Probe

11/3/2025

49 9

Summary

Story summary

The Enforcement Directorate has frozen INR75 billion in assets linked to the Reliance Anil Ambani Group in a money-laundering investigation.
The probe targets loan diversions of INR136 billion from YES Bank between 2017 and 2019.
The ED says Reliance Communications and its affiliates pursued evergreening loans via shell companies.
Investigators found loans were used to repay other loans and for investments contrary to terms.

1 of 1

Story summary

The Enforcement Directorate has frozen INR75 billion in assets linked to the Reliance Anil Ambani Group in a money-laundering investigation.
The probe targets loan diversions of INR136 billion from YES Bank between 2017 and 2019.
The ED says Reliance Communications and its affiliates pursued evergreening loans via shell companies.
Investigators found loans were used to repay other loans and for investments contrary to terms.