Reliance Infrastructure Faces Rs 77.86 Crore Lien Over FEMA Violations
Reliance Infrastructure Receives Lien Of Rs 77.86 Crore Over FEMA Violations
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Reliance Infrastructure Limited has received a lien of Rs 77.86 crore on its bank accounts due to alleged violations of the Foreign Exchange Management Act. The company plans to appeal this order, which stems from an investigation into illegal fund transfers linked to highway projects.
- 01Reliance Infrastructure's bank accounts are under a lien of Rs 77.86 crore due to alleged FEMA violations.
- 02The Enforcement Directorate seized over Rs 55 crore from the company's accounts in December 2025.
- 03The investigation relates to illegal fund transfers from highway projects awarded by the National Highways Authority of India.
- 04Reliance Infrastructure is appealing the lien order and has submitted a request to review trading restrictions on its shares.
- 05The company argues that current trading restrictions hinder market price discovery and shareholder value.
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Reliance Infrastructure Limited has been ordered to place a lien of Rs 77.86 crore on its bank accounts due to alleged violations of the Foreign Exchange Management Act (FEMA). This order confirms a provisional lien established in December 2025 when the Enforcement Directorate (ED) seized over Rs 55 crore from the company’s accounts during a hawala-linked investigation. The ED alleges that Reliance Infrastructure misappropriated public funds from highway construction projects awarded by the National Highways Authority of India (NHAI) and illegally transferred them to the UAE. In response, Reliance Infrastructure plans to appeal the lien order. Additionally, the company has reached out to the Securities and Exchange Board of India (SEBI) and other exchanges to review the Additional Surveillance Measure (ASM) framework that restricts trading of its shares to once a week within a ±5% price band. Reliance argues that these restrictions adversely affect its over 700,000 public shareholders and impede fair price discovery in the market, potentially harming shareholder value. The company seeks to balance market surveillance with investor protection and shareholder interests.
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The lien and trading restrictions could negatively affect shareholder value and market confidence.
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