The Enforcement Directorate confiscated immovable properties worth Rs 1,400 crore from Anil Ambani Group, according to reports.
Key Highlights
- The Enforcement Directorate attaches fresh assets worth ₹1,400 crore linked to Anil Ambani’s business group.
- With this action, the total value of Ambani-group assets attached under PMLA reaches nearly ₹9,000 crore.
The Enforcement Directorate took the property through a new temporary attachment. Following the most recent attachment, the economic intelligence agency has attached an amount to the group totaling Rs 9,000 crore.
Prior to this development, Anil Ambani, chairman of the Reliance Group, did not appear before the Enforcement Directorate on Monday for questioning. People acquainted with the situation told NDTV Profit that he was summoned for an ongoing probe under the Foreign Exchange Management Act. This is the second time he has ignored the ED summons.
The FBI last interrogated Ambani in August.
The Anil Ambani Group is suspected of siphoning Rs 40 crore from the Jaipur-Reengus highway project abroad via shell companies in Surat and routing it to Dubai, according to the Enforcement Directorate. The economic intelligence agency stated that this could be part of a larger international hawala network worth more than Rs 600 crore.
The Enforcement Directorate recently attached assets totaling Rs 4,462 crore as part of its inquiry into Ambani's group entities.
Also Read: ED Issues Lookout Notice for Anil Ambani in Rs 7,000 Cr Loan Fraud
Earlier this week, the agency attached around 132 acres of land at the Dhirubhai Ambani Knowledge City or DAKC in Navi Mumbai, valued at over Rs 7,545 crore, in connection with the Reliance Communications bank loan issue.
The economic watchdog launched a probe into the case following a Central Bureau of probe FIR charging Anil Ambani, RCom, and others with fraud, conspiracy, and corruption. The examination focuses on RCom and its affiliates, which borrowed more than Rs 40,000 crore from Indian and foreign banks between 2010 and 2012. Five of these accounts were later confirmed fake by the lending banks.
