Enforcement Directorate action raises total attached assets to nearly ₹9,000 crore
The Enforcement Directorate (ED) has attached immovable properties worth ₹1,400 crore linked to the Anil Ambani Group. This is part of an ongoing money laundering investigation. With this latest action, the total value of Ambani-linked assets under attachment now nears ₹9,000 crore.
Details of the Seizure
- The properties are located in Navi Mumbai, Chennai, Pune, and Bhubaneswar.
- These assets were provisionally attached under the Prevention of Money Laundering Act (PMLA).
- The ED is investigating allegations that funds were misused through shell companies and complex financial networks, including loans raised by Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).
- Earlier, properties worth over ₹3,000 crore were attached, including Anil Ambani’s Pali Hill residence and office spaces in major cities.
What This Means
- Large-scale probe: The ₹1,400 crore seizure is part of a major investigation against the Ambani Group.
- Regulatory pressure: The action increases scrutiny on Anil Ambani’s companies.
- Public interest: Seized assets may help recover misappropriated public funds.
- Business impact: The seizure could affect the group’s financial operations and credibility with lenders.
Background
The ED has been investigating the Ambani Group for money laundering and financial irregularities for several years. This latest attachment signals the agency’s continued focus on recovering assets and enforcing compliance under Indian law.
