Reliance Group Distances Itself From RCom Asset Attachments
The Reliance Group led by Anil Ambani has issued a statement distancing itself from the assets recently attached by the Enforcement Directorate. The group said the properties involved belong to Reliance Communications (RCom), a company that was separated from the group years ago and is currently under insolvency proceedings.
ED Action And Asset Details
The Enforcement Directorate attached assets worth over ₹1,400 crore as part of an ongoing probe linked to alleged financial irregularities involving RCom and related entities. The attached properties include land parcels and buildings in multiple cities. The Reliance Group clarified that these assets are not connected to Reliance Infrastructure, Reliance Power or other operational companies under Anil Ambani.
Group Says No Link To Current Businesses
According to the statement, Anil Ambani has had no management role or board position in RCom since its demerger and has not been associated with the company for more than six years. The group emphasised that the action has no operational or financial impact on its current businesses, which continue to function normally.
Legal And Corporate Context
RCom remains under the Corporate Insolvency Resolution Process before the National Company Law Tribunal. The ED’s action adds further scrutiny to past transactions of the company. The Reliance Group’s clarification aims to avoid confusion among investors and stakeholders about the ownership and status of the attached properties.
