Archive · 11 Dec 2025
ED Seizes R-Infra Assets in Money Laundering Case
The Directorate of Enforcement (ED) in India has taken action against a company called Reliance Infrastructure Limited (R-Infra).
They seized 13 bank accounts of R-Infra worth ₹54.82 crore.
The ED says R-Infra used these accounts to move money meant for building roads to fake companies.
This money was then sent to the United Arab Emirates (UAE) and Hong Kong, pretending to pay for diamonds that were never actually bought.
The ED believes this was done to hide the money and avoid paying taxes.
The company's actions caused problems for banks and the public.
The ED is still investigating this case to find out more.
The ED seized 13 bank accounts of R-Infra worth ₹54.82 crore under FEMA, 1999.
R-Infra allegedly siphoned funds meant for NHAI road projects to Mumbai-based shell companies.
The money was transferred to the UAE and Hong Kong, pretending to pay for non-existent diamonds.
The shell companies were linked to hawala transactions worth over ₹600 crore.
The diversion of funds caused cash-flow problems and turned bank loans into NPAs.
- Who
- Reliance Infrastructure Limited (R-Infra) and its Special Purpose Vehicles (SPVs)
- What
- Seizure of 13 bank accounts worth ₹54.82 crore by the Directorate of Enforcement (ED)
- When
- The specific date is not mentioned in the article
- Where
- India, with funds transferred to the UAE and Hong Kong
- Why
- Alleged foreign exchange violations and money laundering through shell companies
- Assets Seized
- ₹54.82 crore
- Number of Accounts Seized
- 13
- Company Involved
- Reliance Infrastructure Limited (R-Infra)
- Act Under Which Seized
- Section 37A of FEMA, 1999
- Alleged Fund Diversion
- NHAI road construction funds
- Destination of Funds
- United Arab Emirates (UAE) and Hong Kong
- Linked to
- Hawala transactions worth over ₹600 crore
Sources
13 Accounts, With Rs 55 Crore, Of Reliance Infra Seized In Laundering Case
ED seizes Rs 54.82 crore from Reliance Infrastructure in FEMA probe - Telegraph India
ED Seizes ₹54.8 Crore of Reliance Infrastructure Over Alleged Fund Diversion, Hawala Links
ED Seizes More Than A Dozen Bank Accounts, Holding ₹55 Crore Deposits Of Anil Ambani Group Company Reliance Infrastructure
