ED Seizes Anil Ambani-Linked Assets Worth ₹3,000 Crore in Financial Fraud Probe
The Enforcement Directorate (ED) has attached assets valued at over ₹3,000 crore in connection with a money laundering probe against industrialist Anil Ambani. The action is linked to alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), both part of the Reliance Group. According to the ED, funds mobilized through loans and debentures were siphoned off through a web of shell companies and used for purposes unrelated to the stated business activities. The attached properties include shares, bank deposits, and other movable and immovable assets. The financial probe agency had earlier questioned several executives and auditors associated with the firms. The ED’s move follows multiple complaints from banks and financial institutions over unpaid dues and alleged fund misuse. Ambani’s representatives have yet to issue an official response.
