The ED has intensified its investigation into money laundering and bank fraud against the Reliance Anil Ambani Group. On Friday, the agency attached new assets worth ₹1,120 crore, bringing the total attachment figure to ₹10,117 crore.
ED Action: The Enforcement Directorate's (ED) action in the money laundering investigation and bank fraud case against the Reliance Anil Ambani Group is continuously ongoing. On Friday, the ED attached new assets worth ₹1,120 crore. With this, a total of ₹10,117 crore worth of assets have been attached so far. This action is being taken under the Prevention of Money Laundering Act (PMLA) and includes various properties, bank balances, fixed deposits, and undisclosed investments.
Which Assets Were Attached?
ED officials stated that 18 major assets, including the Reliance Centre located at Ballard Estate in Mumbai, have been provisionally attached. These assets include fixed deposits, shares, and undisclosed investments. Additionally, seven properties of Reliance Infrastructure Limited, two properties of Reliance Power Limited, and nine properties of Reliance Value Service Private Limited have also been attached.
Furthermore, undisclosed investments made by Reliance Venture Asset Management Private Limited and Fee Management Solutions Private Limited, as well as fixed deposits in the name of Aadhar Property Consultancy Private Limited and Gamesa Investment Management Private Limited, have also been attached by the ED.
What is the Bank Fraud Case?
The ED had previously attached assets worth over ₹8,997 crore in bank fraud cases linked to Reliance Communications Limited (RCom), Reliance Commercial Finance Limited (RCFL), and Reliance Home Finance Limited (RHFL). A total of ₹10,117 crore worth of assets have now been attached in these cases.
This action is specifically being taken in connection with allegations of bank fraud and money laundering. Officials state that the list of attached assets in this case includes properties, bank balances, fixed deposits, and undisclosed investments, which are allegedly linked to the fraud and money laundering.
Key Companies Involved
The scope of the ED's action spans various segments of the Reliance Group. In addition to the assets of Reliance Infrastructure Limited and Reliance Power Limited, investments made in Reliance Venture Asset Management Private Limited, Fee Management Solutions Private Limited, and Aadhar Property Consultancy Private Limited are also part of this action.
Total Attachment Figure
According to officials, a total of ₹10,117 crore worth of assets belonging to the Reliance Group have been attached so far. This includes the Reliance Centre in Mumbai and other major properties, fixed deposits, shares, and undisclosed investments. With the new assets attached on Friday, this amount has further increased.
This action by the ED is continuously ongoing, involving a thorough investigation into the financial transactions and banking-related activities of the Reliance Group. Officials state that more assets may be attached in the future if required, to ensure the investigation proceeds with full transparency and effectiveness.
