ED attaches Rs 510 crore more in Reliance Communications, RHFL bank fraud cases
The Enforcement Directorate has attached assets worth Rs 510 crore, including two aircraft and windmills, in bank fraud cases it is investigating against Reliance group companies.
Key points
- The ED attached assets of Rs 247.12 crore in the RCOM case and Rs 263.05 crore in the RHFL/RCFL bank fraud case, under the PMLA.
- The ED says its total attachments and seizures across cases against the group now stand at about Rs 23,100 crore.
- These are ED allegations under investigation; an attachment must be confirmed by the PMLA Adjudicating Authority.
The Enforcement Directorate (ED) has attached further assets worth Rs 510 crore in bank fraud cases involving Reliance group companies, according to a press release dated 3 November 2026. The attachments cover Rs 247.12 crore in the Reliance Communications (RCOM) case and Rs 263.05 crore in the Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) case.
What Happened
In the RCOM case, the ED said the attached assets include two chartered aircraft, a Dassault Falcon 2000 and an Embraer Legacy 650, six land parcels and an office premises in Maharashtra. In the RHFL/RCFL case, it attached two windmills in Tamil Nadu, bank balances, fixed deposits, and investments and receivables.
The ED said that with these attachments it has attached or seized assets worth about Rs 23,100 crore so far across several cases against the group under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). Its investigation began from FIRs registered by the CBI in Delhi and the Economic Offences Wings of Delhi and Mumbai police. The companies under investigation are Reliance Communications, Reliance Home Finance, Reliance Commercial Finance, Reliance Infrastructure, Reliance Power and Reliance Capital.
According to the ED, its investigation found that the group siphoned off public funds from banks and financial institutions, misused the insolvency law to ring-fence corporate assets, and diverted public funds to offshore tax havens, with a large part used for the benefit of the promoters and their family. The ED said it has arrested 10 people, filed six prosecution complaints under the PMLA and one complaint under FEMA.
What It Means
An attachment under the PMLA stops the assets from being sold or transferred while the case proceeds. It must be confirmed by the PMLA Adjudicating Authority, and the owners can contest it. The cases concern money lent by banks and financial institutions, and the ED says further investigation is under way.
These are allegations, not findings of guilt; the accused are presumed innocent until proven guilty in court, and due process continues.
This report describes enforcement actions and allegations on the public record, attributed to the officials cited. An order, FIR or chargesheet is not a conviction; parties are presumed innocent until proven guilty.
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Sources & Citations
- Enforcement Directorate press release — Enforcement Directorate