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The Enforcement Directorate has intensified its probe against the Anil Ambani–led Reliance Group, attaching fresh assets worth ₹1,400 crore under the PMLA, taking the total seized amount beyond ₹9,000 crore. The crackdown comes amid ongoing investigations into alleged financial irregularities and FEMA violations.
Seized Assets Cross Rs 9,000 Cr in ED Case Against Anil Ambani Companies
New Delhi: The Enforcement Directorate (ED) on Thursday temporarily attached new properties worth ₹1,400 crore, further tightening its grip on alleged financial irregularities involving Anil Ambani and his Reliance Group companies. According to sources, this new action brings the total value of properties seized in the case to over ₹9,000 crore.
The agency has taken this action under the Prevention of Money Laundering Act (PMLA). The attached properties are reportedly located in major cities such as Navi Mumbai, Pune, Chennai, and Bhubaneswar.
₹7,500 crore worth of attachments have already been made.
The ED has previously attached properties worth more than ₹7,500 crore in this case. This action is being taken as part of its investigation into alleged financial irregularities and suspected money laundering transactions within various Reliance Group units.
Anil Ambani is the chairman of these companies and has been under the scanner of investigating agencies for several years over these allegations.
The ED had issued summons to Anil Ambani to record his statement in connection with the Foreign Exchange Managemeent Act (FEMA) investigation. For the first time on November 14th and for the second time this Monday, he did not appear for questioning. Ambani had offered to testify via video conferencing, but the agency declined and directed him to appear in person. According to sources, the investigation is focused on alleged forex violations related to the Jaipur-Ringas Highway project.
The ED has recorded statements from several individuals in this case, including some connected to the alleged hawala network. Ambani was issued summons based on facts revealed during the initial interrogation.
In addition, Anil Ambani was previously summoned by the ED for questioning in connection with the alleged ₹17,000 crore bank fraud case.
On Tuesday, the Supreme Court issued notice to the Central Government, CBI, ED, Anil Ambani, and other relevant parties.
The notice was issued in response to a public interest litigation seeking an investigation into alleged large-scale banking and corporate fraud against Reliance Communications (RCom), its group companies, and promoters.
The petition asks the court to order a judicially monitored investigation into the entire matter.
The ED's continued actions and recent attachments clearly indicate that the investigating agency is adopting a highly aggressive stance in this case. The possibility of further significant action and new revelations is not ruled out in the coming days.
