According to people familiar with the matter, the Enforcement Directorate (ED) has seized 40 properties valued at ₹3,000 crore as part of its money laundering investigation into the Anil Ambani-led Reliance Group. These properties include the Ambani family's Pali Hill home in Mumbai and the Reliance Centre in Delhi. In accordance with the Prevention of Money Laundering Act (PMLA), the agency has attached several assets in Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai (including Kancheepuram), and East Godavari, in addition to the Bandra residence and Reliance Centre at Ranjit Singh Marg in Delhi. According to officials, the total worth of the attachments is ₹3,084 crore, and these assets comprise office space, residential apartments, and land parcels.

Regarding the ED action, the corporation has not yet issued a statement.
The investigation concerns the misappropriation and laundering of public monies that Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL) have raised.
According to an unnamed officer, Yes Bank allegedly invested ₹2,965 crore in RHFL and ₹2,045 crore in RCFL instruments between 2017 and 2019. By December 2019, these investments were non-performing, with ₹1,353.50 crore and ₹1,984 crore still owed for RHFL and RCFL, respectively.
According to the ED's inquiry, SEBI's mutual fund conflict of interest structure prohibited the former Reliance Nippon Mutual Fund from making a direct investment in Anil Ambani Group financial firms.

The officer stated, "The public funds invested in the mutual fund were channelled indirectly through Yes Bank exposures, which ultimately landed with Anil Ambani Group companies, in violation of these guidelines."
According to a second officer, the inquiry reveals that money was transferred indirectly through Yes Bank's holdings in RHFL and RCFL, while RHFL and RCFL provided loans to organisations associated with the Reliance Anil Ambani Group.
"The ED's fund-tracing investigation discovered that money was being syphoned off after being diverted to loans to firms connected to the group. Eventually, a sizable amount of corporate loans (also known as general purpose corporate loans) ended up in the accounts of Reliance Group companies. ED discovers significant control breaches when granting these loans.Loans to businesses connected to the group were expedited without the necessary prudential checks. According to the second officer, "many loans were processed on the same day as application, sanction, and agreement, and in some cases, disbursal preceded sanction."
Additionally, ED has discovered that the funds were advanced prior to the loan application, which is only feasible if the applicant's time, fieldwork, and private conversations were foregone; documents were left blank, overwritten, and undated.
A number of borrowers have poor financial records or hardly functioning businesses. The end use did not meet the sanction conditions, security schedules were left blank, and security creation was either insufficient or unregistered. These deliberate and persistent control failures were discovered by ED," he continued.

According to agency authorities, they have also stepped up their investigation into loan fraud at Reliance Communications Ltd. (RCOM) and other businesses.
According to the ED, these corporations diverted more than ₹13,600 crore for evergreening loans, more than ₹12,600 crore for related parties, and more than ₹1,800 crore for investments in FDs, MFs, and other securities that were heavily liquidated before being redirected to group entities.
The ED has also discovered widespread abuse of bill discounting to transfer money to affiliated parties. The ED is still tracking down criminal money and securing property attachments. The public would eventually gain from ED's recoveries," the first officer stated.