Reliance Group issued a detailed clarification following the Enforcement Directorate’s announcement of an asset attachment linked to a Tamil Nadu land-forgery and inflated-compensation scam. The group stressed that every asset mentioned by the ED belongs exclusively to Reliance Communications, a company that exited the Reliance Group six years ago and has been under the Corporate Insolvency Resolution Process since 2019. According to the spokesperson, RCom is now managed entirely by a court-appointed Resolution Professional under the supervision of the NCLT and its Committee of Creditors, led by the State Bank of India.
The clarification emphasised that Anil Ambani has had no involvement with Reliance Communications since resigning six years ago. It added that the ED’s action has no bearing on the functioning or financial health of Reliance Infrastructure or Reliance Power, both of which continue normal operations. The group noted that Ambani has not served on the boards of either company for over three and a half years.
The Enforcement Directorate, meanwhile, described a complex land-forgery operation uncovered during its searches across Chennai, Kancheepuram and Chengalpattu. The probe, based on FIRs filed in 2021 and 2022, centres on allegations that land originally donated for public utilities in 1991 was later reclaimed using forged documents, resold through dummy buyers and artificially inflated in value just before its acquisition by NHAI and SIPCOT. According to the ED, the scheme caused significant loss to the exchequer and was earlier flagged by the Madras High Court.
Investigators said the proceeds of the scam were routed through layers of shell entities, relatives and associates, with large cash withdrawals made to obscure the trail. The search operations resulted in the seizure of ₹1.56 crore in cash, bullion worth ₹74 lakh, frozen bank balances of ₹8.4 crore and shares valued at ₹7.4 crore, taking the total value of seized and frozen assets to ₹18.10 crore.
