ED Takes Fresh Action Against Anil Ambani Group

The Enforcement Directorate (ED) has attached assets worth approximately ₹510 crore belonging to entities linked to the Reliance Anil Ambani Group in connection with alleged bank fraud cases involving Reliance Communications Limited (RCOM), Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). The latest action includes two chartered aircraft, six land parcels and an office property in Maharashtra. The agency has also attached two windmills in Tamil Nadu, along with bank balances, fixed deposits, investments and receivables. Of the total amount, assets worth ₹247.12 crore are linked to the RCOM case, while ₹263.05 crore relate to the RHFL and RCFL cases.

With this latest action, the total value of assets attached or seized by the ED in various cases involving the Anil Ambani Group has reached approximately ₹23,100 crore. The investigations were initiated based on multiple FIRs registered by the CBI and Economic Offences Wings in Delhi and Mumbai. The ED has alleged that public funds obtained from banks and financial institutions were siphoned off, corporate assets were misused, and funds were diverted from India to offshore tax havens. The agency has also alleged that some of the money was used for the personal benefit of the promoters and their family members. These are allegations made by the investigating agency, and the cases are under investigation.