Big blow to Anil Ambani as ED escalates asset seizure
The Enforcement Directorate (ED) has attached additional assets worth more than ₹1,400 crore in connection with its ongoing money laundering investigation involving Reliance Group chairman Anil Ambani and several of his companies, officials said.
This latest action, issued under the Prevention of Money Laundering Act (PMLA), adds to the federal agency’s earlier attachment of properties valued at ₹7,500 crore, taking the cumulative amount seized in the case to around ₹9,000 crore, according to official sources.
The newly attached assets are located across multiple states, though details of their nature have not been disclosed. A response from the Reliance Group on the development is awaited.
The ED has been probing alleged financial irregularities linked to loans and transactions associated with Anil Ambani–led companies. According to investigators, the assets were attached on grounds that they are “proceeds of crime” generated through suspected laundering activities between 2018 and 2023.
The agency said the latest move is part of its ongoing efforts to secure assets connected to the alleged offence while the wider investigation continues.
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