look news india
Anil Ambani’s Reliance Group is once again in the headlines. The Enforcement Directorate (ED) is reported to have attached assets worth ₹7,500 crore as part of its money laundering probe. But amidst this big action, the group has come forward and given an important statement and said that this has not affected the work of their listed companies. So what is the real story? Let us understand it in simple language.
The properties on which action was taken are no longer part of the group
The group has clarified that most of the properties attached by ED belong to Reliance Communications (RCom). And Reliance Communications has not been a part of the group for the last 6 years. The company is currently going through the insolvency process and its complete control is in the hands of the banks (led by SBI) and the resolution professional. The ED investigation is related to the old loan taken by Reliance Communications from Yes Bank.
That is why the two big companies of the group, Reliance Infrastructure and Reliance Power, say that this matter is not going to have any impact on their functioning, performance or future.
Anil Ambani is no longer associated with these companies
The companies have also clarified their position regarding the role of Anil Ambani. He stated that:
- Anil Ambani had resigned from Reliance Communications 6 years ago, in 2019 itself.
- He has also not been on the board of Reliance Infrastructure or Reliance Power for more than three and a half years.
The companies said that despite these facts, it is unfair to repeatedly drag their names into these cases.
“We don’t owe even a single rupee”
To further strengthen their case, both the companies also gave details of their financial position. He made a big claim saying that both Reliance Infrastructure and Reliance Power are completely debt-free.
As of March 31, 2025, Reliance Infrastructure had assets of ₹65,840 crore and Reliance Power had assets of ₹41,282 crore.
Complaint also lodged with SEBI
Not only this, both the companies have also filed a formal complaint with SEBI (Securities and Exchange Board of India) against price manipulation of their shares in the market. They allege that some people are deliberately trying to bring down the prices of their shares.
Overall, the message from Reliance Group is clear: the ED investigation is related to an old case, which pertains to a company (RCom) that is no longer under their control. Their existing companies are financially strong and functioning normally.
