ED Attaches Rs 30.83 Billion Worth Of Anil Ambani Group Assets In Fraud Probe

Major Asset Seizure In High-Profile Financial Probe  
In a sweeping enforcement action, the Enforcement Directorate (ED) has attached more than 42 properties belonging to the Anil Ambani Group under the Prevention of Money Laundering Act (PMLA). The assets, worth over Rs 30.83 billion, span residential, commercial, and land holdings across major cities including Mumbai, Delhi, Pune, Hyderabad, and Chennai.

The attachments are linked to investigations into alleged frauds involving RCOM’s dealings with State Bank of India and RCFL and RHFL’s transactions with Yes Bank. The ED stated that the properties include Anil Ambani’s residence in Mumbai’s Pali Hill, the Reliance Centre in New Delhi, and multiple other high-value assets.

Important Points  

• ED attaches 42+ properties worth Rs 30.83 billion  
• Linked to RCOM-SBI and RCFL/RHFL-Yes Bank fraud cases  
• Properties span Mumbai, Delhi, Noida, Pune, Hyderabad, and Chennai  
• Action taken under Section 5(1) of the PMLA  
• Investigation continues into financial irregularities and fund misuse

Sources: India Today, Indian Express, Business Standard