ED attaches Rs 3,034 crore in Anil Ambani's RCOM probe
Fresh assets of RCOM and R-Infra seized under PMLA; cumulative attachment in the case now stands at Rs 19,344 crore
The Enforcement Directorate has provisionally attached fresh assets worth Rs 3,034 crore belonging to Reliance Communications (RCOM) and Reliance Infrastructure Ltd (R-Infra) as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG).
The attached properties include a flat in Mumbai, a farmhouse in Khandala — a hill station in Maharashtra — land parcels in Sanand near Ahmedabad, and 7.71 crore shares of R-Infra, among others. The central agency issued a provisional attachment order under Section 5(1) of the Prevention of Money Laundering Act (PMLA) to secure these assets.
Running tally crosses Rs 19,000 crore
With the latest action, the total value of properties attached in cases against the Reliance Anil Ambani Group has climbed to Rs 19,344 crore. The group is being investigated by the ED on charges of bank fraud and large-scale diversion of funds.
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The agency has been conducting searches and seizures across multiple locations connected to group firms and executives over the past year, covering a wide network of companies and individuals in Mumbai and elsewhere.
Shell firms at the core
Investigators allege that public funds raised by RAAG companies were funnelled through a chain of shell entities with no financial strength or business operations. Loans taken from banks were allegedly used to repay borrowings of other group entities, transferred to related parties, or parked in mutual funds and fixed deposits.
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The ED initiated the probe based on multiple FIRs registered by the Central Bureau of Investigation (CBI) against RCOM, Anil Ambani, and others. Further investigation is in progress.