Enforcement Directorate’s Massive ₹3,084 Crore Attachment Targets Reliance Infra; Anil Ambani’s Exit Reinforced

Reliance Infrastructure Ltd is under scrutiny after the ED provisionally attached over 42 properties valued at ₹3,084 crore, citing alleged violations under the PMLA. These assets include residential and commercial properties across major cities such as Mumbai, Delhi, Pune, Hyderabad, and Chennai. The action follows investigations into alleged fund diversion and loan irregularities involving group companies.

In response, Reliance Infrastructure issued a statement confirming that Anil D. Ambani has not served on its board for the past 3.5 years. The company emphasized that the ED’s action has no impact on its ongoing operations or stakeholder interests.

Major takeaways:

• ED attaches ₹3,084 crore worth of Reliance Infra-linked assets
• Properties span across multiple cities including Mumbai, Delhi, and Hyderabad
• Allegations tied to fund diversion and loan irregularities
• Anil D. Ambani not on Reliance Infra board since mid-2022
• Company assures no disruption to operations or stakeholder interests

Sources: Outlook Business, The Hindu Business Line, Telangana Today