The Enforcement Directorate (ED) has attached fresh assets worth Rs 3,034 crore, according to PTI, as part of its ongoing alleged money laundering probe against the Reliance Anil Ambani Group companies.

As per PTI, the attached properties belong to Reliance Communications (RCOM) and Reliance Infrastructure (Rel Infra). These include a flat in Mumbai, a farmhouse in Khandala, a hill station in Maharashtra, some land parcels in Sanand (Ahmedabad) and 7.71 crore shares of Rel Infra, among others.

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The central agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to attach these assets. According to PTI, the properties attached in the cases against the Reliance Anil Ambani Group now stand at Rs 19,344 crore. 

What has happened so far

Anil Ambani Group companies are being investigated by the ED on charges of alleged bank fraud and diversion of funds. 

Anil Ambani Group companies are also being investigated by the Central Bureau of Investigation (CBI). Recently, on April 20, the CBI arrested two senior executives of an Anil Ambani group company, Reliance Communications (RCOM) — Anil Kalya and D Vishwanath.

Both of them were remanded in a money laundering probe linked to an alleged Rs 11,000 crore bank loan fraud involving RHFL and RCFL. According to PTI, the court noted that email-based digital evidence indicates the duo’s role in allegedly siphoning loan funds to shell companies controlled by the group, with funds often disbursed and turning NPAs the same day, while also recording the defence’s claim that decisions were directed by top management.

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Reliance Power and Reliance Infrastructure however clarified that both of the two former executives have had no association with the Group since 2019.

SC dismisses Anil Ambani’s pleas

Before this on April 16, The Supreme Court (SC) dismissed Anil Ambani’s three separate pleas, challenging the Bombay High Court order that allowed the proceedings, initiated by banks against him and Reliance Communications to classify their bank accounts as fraud, to continue.