The ED has attached assets worth ₹1,400 crore belonging to Anil Ambani and the Reliance Group under a money laundering investigation. Previously, assets worth ₹7,500 crore were attached, bringing the total attachment to approximately ₹9,000 crore.
New Delhi: The Enforcement Directorate (ED) has attached new assets exceeding ₹1,400 crore belonging to Anil Ambani and companies associated with his Reliance Group under a money laundering investigation. This action has been taken under the Prevention of Money Laundering Act (PMLA). Previously, the ED had also attached assets worth ₹7,500 crore, bringing the total attachment to approximately ₹9,000 crore to date.
Scope of Investigation Widened
According to sources, this action by the ED is part of an ongoing investigation into the financial activities and alleged irregularities of the Reliance Group. The investigation is still ongoing, and the agency may release further information in due course regarding the nature of the attached properties and their transaction links. The ED has issued the latest provisional attachment order for properties located in various parts of the country.
Actions Taken So Far
According to a PTI report, the ED had previously attached assets worth ₹7,500 crore in this case. With the attachment of new assets worth ₹1,400 crore, the total attachment now stands at approximately ₹9,000 crore. These actions are focused on alleged financial irregularities linked to the Reliance Group and its Chairman, Anil Ambani.
Anil Ambani Did Not Appear Before ED
Earlier, Anil Ambani had not appeared before the ED in a case concerning alleged violations of the Foreign Exchange Management Act (FEMA). The ED had issued a fresh summons to him for Monday. Regarding this matter, the company stated that Anil Ambani is not a board member of Reliance Infrastructure and had served as a Non-Executive Director from April 2007 to March 2022. He never participated in the company's day-to-day management.
Investigation Linked to Rajasthan Road Project
This action by the ED is related to the alleged misuse of funds associated with a ₹556 crore road project connecting Jaipur and Ringas. The agency claims that funds under this project were misappropriated, which led to the initiation of the money laundering investigation.
Company's Statement
The Reliance Group stated that Anil Ambani was not involved in the company's day-to-day management, and his contribution to the board was limited to that of a Non-Executive Director. The company also added that despite the ED's actions, Anil Ambani has fulfilled his duties and will cooperate with all legal procedures.
