ED Attaches Anil Ambani’s ‘Abode’ Worth ₹3,717 Crore in Reliance Communications Case
ED attaches Anil Ambani Abode Mumbai residence worth ₹3,716 crore in Reliance Communications money laundering case under PMLA.
In a major development, the ED attaches Anil Ambani Abode Mumbai residence under the Prevention of Money Laundering Act (PMLA). The luxury property, located in the upscale Pali Hill area, is estimated to be worth around ₹3,716.83 crore.
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The action is part of the ongoing probe linked to alleged financial irregularities involving Reliance Communications.
Details of the Confiscated Property
The property, known as ‘Abode’, is a high-rise residential building and one of the prominent luxury residences in Mumbai.
Key details:
- Location: Pali Hill, Mumbai
- Height: About 66 meters
- Floors: 17
- Estimated value: ₹3,716.83 crore
The attachment is temporary and forms part of the investigation process.
Link to Reliance Communications Case
Authorities said the ED attaches Anil Ambani Abode Mumbai property in connection with the alleged bank loan fraud linked to Reliance Communications (RCOM).
So far, assets worth about ₹15,700 crore related to the case have reportedly been attached as part of the investigation.
Investigation Progress
Officials have been examining financial transactions and corporate dealings associated with the case. Statements have been recorded earlier, and further questioning may take place as the probe continues.
The agency has conducted searches at multiple locations and questioned several individuals linked to the group’s companies.
With the ED attaches Anil Ambani Abode Mumbai development, the investigation into the Reliance Communications case has intensified. The attachment of high-value assets highlights the scale of the probe, and further action will depend on the outcome of the ongoing inquiry.
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