March 12 (Reuters) - India's financial crimes agency has frozen 5.82 billion rupees ($63.07 million) worth of properties linked to Reliance Home Finance Limited and Reliance Commercial Finance, the Enforcement Directorate said on Thursday.
* The move followed search operations conducted on March 6in the case of Reliance Power Limited under the foreign-exchangeregulation law. * With this, the cumulative Reliance Anil Ambani Groupattachment has reached 163.10 bln rupees. * ED said it began the probe on July 22, 2025 based onmultiple FIRs from the Central Bureau of Investigation involvingcheating and criminal conspiracy, following complaints by YesBank, Union Bank of India and Bank of Maharashtra. * The agency said Reliance Home Finance and RelianceCommercial Finance raised over 110 billion rupees in publicfunds from banks. * It found public funds were diverted to various RelianceGroup companies through numerous shell entities controlled bythe Anil Ambani-led group. * ED said it is pursuing those involved and working towardsrecovering the diverted funds for rightful claimants and furtherinvestigation is ongoing. * A query sent to Anil Ambani's Reliance group was notimmediately answered.($1 = 92.2770 Indian rupees)
(Reporting by Nikunj Ohri and Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)
