ED Attaches ₹3,034 Crore Assets Linked to Anil Ambani Group in Money Laundering Probe
The Enforcement Directorate has provisionally attached assets worth ₹3,034.90 crore linked to companies of the Reliance Anil Ambani Group (RAAG) as part of an ongoing money laundering investigation. The action, announced on April 28, relates to alleged financial irregularities involving Reliance Communications and associated entities.
Key Announcements / Highlights
- Assets worth ₹3,034.90 crore have been provisionally attached
- Action taken under the Prevention of Money Laundering Act, 2002
- Properties include real estate, land parcels, and equity shares
- Total assets attached in RAAG-related cases now exceed ₹19,344 crore
The attached assets reportedly include a residential flat in Mumbai, a farmhouse in Khandala, land in Sanand near Ahmedabad, and equity shares of Reliance Infrastructure.
Official Statement
In its statement, the Enforcement Directorate said the provisional attachment order was issued to prevent the disposal or transfer of assets suspected to be proceeds of crime.
The agency indicated that the move is aimed at safeguarding the interests of banks and financial institutions that are part of the ongoing investigation.
Context / Background
The case stems from allegations that loans obtained by group companies, particularly Reliance Communications, were diverted from their intended purposes.
The probe builds on earlier cases registered by the Central Bureau of Investigation following complaints from major lenders, including State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
These investigations relate to alleged large-scale bank fraud involving misuse of borrowed funds.
Public Impact
Such enforcement actions are part of broader efforts to address financial misconduct and protect public funds, particularly where public-sector banks are involved.
By attaching assets, authorities aim to ensure that funds can be recovered or accounted for during legal proceedings, which is significant for maintaining confidence in the banking system.
The latest attachment adds to a series of enforcement actions against the Reliance Anil Ambani Group in recent years. Investigations remain ongoing, with agencies continuing to examine financial transactions and asset trails linked to the case.
Inputs & Images: Hindusthan Samachar
Edited by: Pushkarini Annabathula
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Last Updated on: Tuesday, April 28, 2026 7:45 pm by Pushkarini Annabathula | Published by: Pushkarini Annabathula on Tuesday, April 28, 2026 7:44 pm | News Categories: Latest
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