ED Raids Ambani Companies Across the Country

Reliance Group Chairman Anil Ambani is already facing money laundering allegations, as is well known. The Enforcement Directorate (ED) is conducting an intensive investigation into this case. As part of the probe, officials have now revealed that another ₹1,120 crore worth of assets have been attached. With this, the ED has attached over ₹10,000 crore worth of his assets so far. The attached properties include Ballard Estate in Mumbai, fixed deposits, bank balances, and more. Earlier, the ED had attached Anil Ambani’s residence in Mumbai’s Pali Hill area and some land belonging to Reliance Center in Delhi. In addition to these, several residential and commercial properties belonging to Anil Ambani’s companies in Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari are also on the list.

The CBI launched an investigation after allegations surfaced that Anil Ambani’s group companies were involved in large-scale bank loan fraud worth several crores. Based on the CBI’s FIR, the ED registered a money laundering case. There are allegations that Reliance Infra and several other companies owned by Anil Ambani illegally diverted funds exceeding ₹17,000 crore. In this context, in July this year, the ED conducted raids at 35 locations linked to 50 companies of the Reliance Group and 25 individuals. In August, the ED also questioned Anil Ambani himself along with several company executives.