ED Attaches ₹1,120 cr More in Anil Ambani-Linked Probe
The total value of assets attached in the case against the Reliance Group stands at ₹10,117 crore
NEW DELHI: The Enforcement Directorate has attached fresh assets worth ₹1,120 crore in its money-laundering probe involving companies linked to Reliance Group chairman Anil Ambani.
Officials said 18 properties, including the Reliance Centre at Mumbai’s Ballard Estate, along with fixed deposits, bank balances and shareholdings in unquoted investments of the Reliance Anil Ambani Group have been provisionally attached under the Prevention of Money Laundering Act (PMLA).
Additionally, the ED has attached seven properties belonging to Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, nine properties of Reliance Value Services Pvt. Ltd., fixed deposits held by Reliance Value Services Pvt. Ltd., Reliance Venture Asset Management Pvt. Ltd., Phi Management Solutions Pvt. Ltd., Adhar Property Consultancy Pvt. Ltd., and Gamesa Investment Management Pvt. Ltd. Investments made by Reliance Venture Asset Management Pvt. Ltd. and Phi Management Solutions Pvt. Ltd. in unquoted instruments have also been attached.
Earlier, the ED had attached assets worth over ₹8,997 crore in bank fraud cases involving Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd and Reliance Home Finance Ltd.
With the latest action, the total value of assets attached in the case against the Reliance Group stands at ₹10,117 crore.
