The Enforcement Directorate has attached assets worth INR 3,034 crore linked to Anil Ambani and Reliance Communications in a money laundering case under the PMLA. The move targets a Mumbai flat in Usha Kiran Building, a jointly held Khandala farmhouse, other attached land, and RiseE Infinity shares—allegedly tied to loans and claims of diversion. RAAG denies wrongdoing and cites inheritance and governance by entities.
The Enforcement Directorate has attached assets worth Rs 3,034 crore linked to Anil Ambani group companies RCOM and RInfra, including properties such as a Mumbai flat and a farmhouse in Khandala. With this latest action, the total value of assets attached across Reliance Anil Ambani Group cases has crossed Rs 19,344 crore, signaling the probe’s continued expansion.
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Sebi has banned Anil Ambani and 24 related entities from the securities market for five years, citing fund diversion involving Reliance Home Finance. Along with the market ban, Ambani has been fined Rs 25 crore. Reliance Home Finance faces a six-month securities ban and a Rs 6 lakh penalty, as regulators pursued compliance failures linked to diverted funds.
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