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ED Freezes INR75 Billion in Reliance Money-Laundering Probe

11/3/2025

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Summary

Story summary

Enforcement Directorate has frozen assets worth INR75 billion tied to the Reliance Anil Ambani Group in a money-laundering probe.
The Enforcement Directorate alleges Reliance Communications Limited (RCOM) and its affiliates diverted INR136 billion through fraudulent practices, including loan evergreening.
The ED says YES Bank loans went through shell companies and were processed with little oversight.
Investigators identified a broader international hawala network linked to siphoning funds.

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Story summary

Enforcement Directorate has frozen assets worth INR75 billion tied to the Reliance Anil Ambani Group in a money-laundering probe.
The Enforcement Directorate alleges Reliance Communications Limited (RCOM) and its affiliates diverted INR136 billion through fraudulent practices, including loan evergreening.
The ED says YES Bank loans went through shell companies and were processed with little oversight.
Investigators identified a broader international hawala network linked to siphoning funds.