Reliance Group says ED-attached properties linked to RCom; core operations remain unaffected

Reliance Group Clarifies ED Action Won’t Impact Operations; Majority of Attached Assets Belong to RCom.

Reliance Infrastructure Limited has stated that the recent Enforcement Directorate (ED) action attaching assets under the Prevention of Money Laundering Act (PMLA) will not affect its operations or stakeholders.

ASSETS MAINLY LINKED TO RCOM
In an official statement, the Reliance Group clarified that the majority of assets attached by the ED, by value, belong to Reliance Communications (RCom), which is currently managed by the Resolution Professional and the committee of creditors led by the State Bank of India.

The company emphasised that the ED’s action has no bearing on the business operations of Reliance Infrastructure or Reliance Power.
“We remain committed to safeguarding the long-term interests of over 50 lakh retail shareholders — among the largest investor families in India,” the group said.

ED ATTACHES LAND WORTH ₹4,462 CRORE
The clarification followed the ED’s announcement of attaching 32 acres of land at the Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at ₹4,462 crore. The attachment is linked to a probe into alleged bank fraud involving three Anil Ambani Group firms — Reliance Communications Ltd (RCom), Reliance Commercial Finance Ltd (RCFL), and Reliance Home Finance Ltd (RHFL).

With this move, the total assets attached in connection with cases involving Anil Ambani-led companies have reportedly exceeded ₹7,500 crore.

BUSINESS REMAINS UNAFFECTED
Reliance Infrastructure assured that the ED’s action will not impact its ongoing projects or day-to-day business operations. The company reaffirmed its focus on maintaining financial stability and investor confidence.