Reported by Reuters

(Summary featured below. To read full report, go to: https://www.reuters.com/sustainability/boards-policy-regulation/india-crime-agency-attaches-anil-ambani-group-properties-worth-over-341-million-2025-11-03/)

India’s financial crime agency has frozen 75 billion rupees ($853 million) worth of properties linked to companies of the Reliance Anil Ambani Group as part of a money-laundering probe, it said in a statement on Monday.

The move relates to cases involving Reliance Communications Ltd (RLCM.NS) and its affiliates over the alleged diversion of about 136 billion rupees and loans of more than $569 million taken by the group from India’s YES Bank (YESB.NS) between 2017 and 2019 that the ED says were diverted and laundered.

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The troubled conglomerate is owned by the younger brother of billionaire Mukesh Ambani. Reliance Infrastructure, another Anil Ambani Group company, said there was no impact on its operations, shareholders and employees from the ED’s action.

Other group companies did not comment, while YES Bank declined to comment.

ED said Reliance Communications Ltd (RLCM.NS) and its group companies diverted more than 136 billion rupees through loan “evergreening”, a practice where new loans are given to stressed borrowers to enable them to repay existing loans.