ED attaches ₹581.65-crore assets in RHFL, RCFL case

The Enforcement Directorate has provisionally attached 31 immovable properties worth ₹581.65 crore in a case allegedly linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The cumulative attachment linked to the Reliance Anil Ambani Group has now reached ₹16,310 crore, the agency said on Thursday (March 12, 2026).

The attached properties are in the form of land parcels located in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh, and Rajasthan. The attachment follows search operations conducted on March 6 in a matter relating to Reliance Power Limited under the Foreign Exchange Management Act (FEMA), it said.

The ED had earlier attached assets valued at more than ₹15,729 crore in bank fraud cases allegedly related to RCFL/RHFL and Reliance Communications Limited (RCom). “…during the course of search operations under Prevention of Money Laundering Act (PMLA) and FEMA, assets amounting to ₹2.48 crore in the form of fixed deposits, mutual funds, and cash were frozen or seized… the ED has also seized balances in 13 bank accounts of Reliance Infrastructure Limited (R-Infra) to the tune of ₹77.86 crore under Section 37A of FEMA,” the agency said.

According to the ED, RHFL, and RCFL had raised public funds from multiple banks and financial institutions, and more than ₹11,000 crore of these funds turned into non-performing assets.

As alleged, the funds were diverted to various Reliance Group companies, such as Reliance Infrastructure Limited, Reliance Power Limited, RCom, and Reliance Capital Limited. A large number of shell or dummy entities “controlled and managed by Reliance Anil Ambani Group” were allegedly used.