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A newsletter from The Wire | Founded by Tanweer Alam, Sidharth Bhatia, Pratik Kanjilal, Seema Chishti, Sushant Singh, MK Venu, and Siddharth Varadarajan | Contributing writer: Kalrav Joshi, with additional inputs by Anirudh SK

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Snapshot of the day

November 3, 2025

Siddharth Varadarajan

Hours after the Enforcement Directorate (ED) announced that it had attached assets worth over Rs 3,000 crore belonging to Reliance Group chairperson Anil Ambani, his group companies, and associated entities, Reliance Infrastructure Limited acknowledged that certain assets of the company had been provisionally attached under the Prevention of Money Laundering Act (PMLA). In a statement, Reliance Infrastructure said, “We wish to inform that certain assets of the company have been provisionally attached by the ED for the alleged violations under PMLA. There is no impact on the business operations, shareholders, employees or any other stakeholders of Reliance Infrastructure Limited.”

Earlier in the day, the ED said it had issued four provisional attachment orders under the PMLA on October 31, covering 42 properties. These include over 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at Rs 4,462.81 crore, as well as Anil Ambani’s family residence in Pali Hill, Mumbai and several residential and commercial assets of his group firms as part of its probe into bank fraud cases involving Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd and Reliance Home Finance Ltd.

A separate search under the Foreign Exchange Management Act (FEMA) against Reliance Infrastructure revealed that Rs 40 crore was allegedly siphoned off from the Jaipur-Reengus highway project, the investigation agency said. “Funds moved through Surat-based shell companies to Dubai. The trail has unearthed a wider international hawala network exceeding Rs 600 crore,” it added.

The raids and attachment orders came son after an investigation by Cobrapost alleged that Reliance ADAG had raised money from public and private sector banks, initial public offerings (IPOs) and bonds, and then