ED Attaches Anil Ambani Assets Worth Rs 3,034 Crore
The Enforcement Directorate has provisionally attached assets worth Rs 3,034.90 crore in a money laundering probe linked to Reliance Communications and entities connected to the Reliance Anil Ambani Group. The latest action includes high-value properties in Mumbai, Khandala and Ahmedabad.
ED Attaches Anil Ambani Mumbai Flat
The attached assets include a premium flat in Mumbai’s Usha Kiran building, a farmhouse in Khandala near Pune and land parcels in Sanand, Ahmedabad. The agency has also attached shares worth Rs 7.71 crore linked to Reliance Infrastructure under a trust structure.
The attachment has been made under the Prevention of Money Laundering Act as part of the wider investigation into alleged financial irregularities involving Reliance Communications.
Reliance Communications Bank Fraud Case
The case is linked to allegations of bank loan fraud, diversion of funds and money laundering involving Reliance Communications and related entities. The ED’s probe is based on cases registered by other agencies, including allegations of large-scale loan defaults and misuse of borrowed funds.
With the latest action, the total value of assets attached in cases linked to the Reliance Anil Ambani Group has crossed Rs 19,344 crore.
Reliance Group Responds To ED Action
A spokesperson for the Reliance Anil Ambani Group has said some of the attached assets belong to family members and are legacy or charitable properties. The group has denied wrongdoing and maintained that it will pursue legal remedies.
The ED’s latest attachment marks another major development in the ongoing probe, which has already seen earlier action against high-value assets linked to Anil Ambani and his group entities.
