ED Attaches Anil Ambani’s Mumbai Residence and Properties in Telugu States

Business is often described as something anyone can do but in reality, not everyone succeeds. The story of the Ambani brothers stands as a striking example of how the same family, the same upbringing, and the same opportunities can lead to two drastically different outcomes in the business world.

The Ambani empire was built by the legendary industrialist Dhirubhai Ambani, who had two sons Mukesh Ambani and Anil Ambani. For a while, the brothers worked together under the Reliance banner, but eventually, they parted ways and established separate business empires. The results, however, couldn’t have been more different.

While Mukesh Ambani, as the head of Reliance Industries, went on to become India’s richest man and one of the most successful businessmen in the world, his younger brother Anil Ambani’s empire crumbled under mounting debt and mismanagement. Once a billionaire, Anil has since faced multiple financial and legal troubles, including bankruptcy and fraud allegations.

In the latest development, the Enforcement Directorate (ED) has attached several of Anil Ambani’s assets, including his residence in Mumbai’s Pali Hill, and properties spread across the Telugu states of Andhra Pradesh and Telangana. The move has once again brought the contrasting fortunes of the Ambani brothers back into public discussion.

According to ED sources, the action is linked to allegations of money diversion and financial irregularities involving Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) both companies under Anil Ambani’s Reliance Group. The agencies allege that funds raised from the public were diverted to other group entities instead of being used for their intended business purposes.

Between 2017 and 2019, Yes Bank had invested ₹2,935 crore in RHFL and ₹2,045 crore in RCFL, which later turned into non-performing assets. Investigations revealed that these companies had rerouted around ₹13,600 crore to other group firms in violation of financial norms. In total, over ₹17,000 crore is believed to have been diverted by entities linked to Anil Ambani’s Reliance Infrastructure and related companies.

Following these findings, the ED conducted searches at various company offices and related premises. The latest attachments include Anil Ambani’s residential and commercial assets in Mumbai, flats at Camus Capri Apartments in Hyderabad, and approximately 75 acres of land near Manchirevula on the outskirts of Hyderabad though official confirmation on the latter is still awaited. Reports also suggest that the ED has attached assets in East Godavari district (Andhra Pradesh), along with properties in Mumbai, Noida, Delhi, Thane, Pune, Chennai, and Ghaziabad.

The total estimated value of the attached properties is said to exceed ₹7,500 crore.

However, as of now, there has been no official response or statement from Anil Ambani’s Reliance Group regarding the ED’s latest action.

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