Overview
- The provisional attachment covers 31 immovable properties, primarily land parcels across 13 states including Goa, Kerala, Karnataka, Maharashtra, Delhi and Tamil Nadu.
- The action is part of money‑laundering probes into alleged diversion of public funds by RHFL and RCFL to other Reliance entities through numerous shell or dummy companies.
- Investigators report that over ₹11,000 crore raised from banks became NPAs before being routed to group firms such as Reliance Infrastructure, Reliance Power, Reliance Communications and Reliance Capital.
- During recent PMLA and FEMA operations, the ED froze ₹2.48 crore in deposits and cash and seized ₹77.86 crore from 13 Reliance Infrastructure bank accounts under FEMA Section 37A.
- The investigation stems from CBI FIRs based on complaints by Yes Bank, Union Bank of India and Bank of Maharashtra, with the ED stating that attached assets represent proceeds of crime intended for restitution to creditor banks.