ED Confiscates Assets Worth Over ₹3,083 Crore
New Delhi— In a major action under the Prevention of Money Laundering Act (PMLA), 2002, the Enforcement Directorate (ED) has provisionally attached more than 42 assets belonging to the Reliance Anil Ambani Group, valued at over ₹3,083 crore.
The ED’s attachment order covers a wide range of properties linked to multiple group companies.
These include 30 assets of Reliance Infrastructure Limited, 5 of Adhaar Property Consultancy Pvt Ltd, 4 of Mohanbir High-Tech Build Pvt Ltd, and one each belonging to Gamesa Investment Management Pvt Ltd and Vihan43 Realty Pvt Ltd (formerly Kunj Bihari Developers Pvt Ltd). A property of Campion Properties Ltd has also been seized.
The attached assets include a prime residential property in Pali Hill, the Reliance Centre on Maharaja Ranjit Singh Marg in New Delhi, and multiple real-estate holdings spread across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kanchipuram, and East Godavari.
According to the ED, the action is linked to SBI’s bank fraud case against Reliance Communications (RCom) and the Yes Bank fraud cases involving Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL).
With the financial probe agency tightening its grip, Anil Ambani finds himself in deep water, as the investigation into alleged large-scale loan fraud and diversion of funds intensifies.