ED attaches fresh Rs 581-crore assets in case against Anil Ambani's Reliance Group

New Delhi: The Enforcement Directorate on Thursday said it has attached fresh assets worth more than Rs 581 crore of RHFL and RCFL, companies of Reliance Group Chairman Anil Ambani.

An order was issued on March 11 to attach land parcels in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan, the Enforcement Directorate (ED) said in a statement.

The properties worth Rs 581.65 crore belong to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), the agency said.

“The attachment follows search operations conducted on March 6 in the case against Reliance Power Limited under the Foreign Exchange Management Act (FEMA)," it said.

The ED had attached assets of Anil Ambani’s Reliance Group earlier as well.

"The cumulative Reliance Anil Ambani Group attachment has reached Rs 16,310 crore," the ED said.

The probe stems from a CBI FIR filed against RCFL and RHFL based on complaints lodged by Yes Bank, Union Bank of India and Bank of Maharashtra.

It found that the two companies raised public funds from multiple banks and financial institutions, and more than Rs 11,000 crore of these funds turned into non-performing assets, the ED said.