ED Attaches ₹3,000 Crore Assets Linked to Anil Ambani Group
The Enforcement Directorate (ED) on Monday announced the attachment of properties valued at about ₹3,000 crore belonging to the business group of Anil Ambani. The assets include his Pali Hill residence in Bandra, Mumbai, and offices and flats of companies under the group in Delhi, Noida, Goa, Pune, Hyderabad and Chennai.
Investigation Scope
The attachment is part of a money-laundering probe under the Prevention of Money Laundering Act (PMLA). Authorities allege that funds were siphoned through a system of shell companies and re-routed back to businesses within the group — known as round-tripping. The probe is linked to earlier investigations by the Central Bureau of Investigation into bank-loan frauds involving the group.
Implications
This move signals a sharp escalation in scrutiny of the group’s financial dealings. Attaching high-value real estate marks a step towards immobilising assets while investigations proceed. The group has previously contended that allegations of fund diversion were unsubstantiated. The legal and financial consequences of this action may affect the group’s operations, asset holdings and stakeholder confidence.
