Abstract:The π-d molecular conductor λ-(BETS) 2 FeCl 4 , where BETS is bis(ethylenedithio) tetraselenafulvalene, has attracted considerable interest for the discovery of its field induced superconducting state. A mystery of this system is its antiferromagnetic insulating ground state. The point still under strong debate is whether the d spins in Fe 3+ are ordered or not. Here, we review experimental and theoretical studies on the antiferromagnetic insulating phase in λ-(BETS) 2 FeCl 4 and mention our perspective based on our ESR measurements for λ-(BETS) 2 Fe x Ga 1−x Cl 4 . Our ESR results indicate that the π-d interaction in the system is very strong and there is no sign of paramagnetic Fe spins in the antiferromagnetic ground state.