ED Attaches ₹3,000 Crore Assets In Anil Ambani Money Laundering Case
File photo of Anil Ambani
New Delhi- The Enforcement Directorate (ED) has attached assets worth more than Rs 3,000 crore linked to Reliance Group Chairman Anil Ambani as part of a money laundering investigation against his group companies, official sources said on Monday.
The federal probe agency has issued four provisional orders under the Prevention of Money Laundering Act (PMLA) for attaching the properties, including the 66-year-old Ambani's house in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies, they said.
A plot of land belonging to Reliance Centre on Maharaja Ranjit Singh Marg in Delhi and multiple other assets in the national capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai and East Godavari have also been attached.
ADVERTISEMENTAccording to the sources, the total value of the attached assets is Rs 3,084 crore.
The case pertains to alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).
During 2017-2019, Yes Bank invested Rs 2,965 crore in RHFL instruments and Rs 2,045 crore in RCFL instruments.
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