November 3, 2025
India’s federal agency freezes Anil Ambani Group’s $351 million in properties, source says
Anil Ambani, chairman of Reliance Group Anil Dhirubhai Ambani, attends the company’s annual general meeting in Mumbai, India, September 30, 2019. — Reuters ED freezes INR 30.84 billion in assets of Ambani Group. Mumbai, Delhi, Chennai holdings seized, source says. Supposedly $350 million collected through shell companies. NEW DELHI: India’s economic crime agency has temporarily frozen 30.84 billion Indian rupees ($350.87 million) in assets linked to Anil Ambani’s Reliance Group as part of a money-laundering probe, a government source said on Monday. The case concerns loans the group, owned by billionaire Mukesh Ambani’s younger brother, received from India’s YES Bank












