Big blow to Anil Ambani Group, ED seizes assets worth ₹3,034 crore in RCom case; Action has already been taken

ED Attached Anil Ambani Property: The Enforcement Directorate (ED) has attached additional assets worth Rs 3,034.90 crore in the Reliance Communications (RCom) bank fraud case. This takes the total seizure in cases related to Reliance Anil Ambani Group (RAAG) to more than Rs 19,344 crore. This information has been given in a statement of the investigating agency released on Tuesday.

The Special Investigation Team (SIT) formed on the instructions of the Supreme Court is investigating this case. In this, misuse of bank and public funds and money laundering are being investigated.

Action under section 5 of PMLA

In the statement, ED said that this action has been taken under Section 5 of the Prevention of Money Laundering Act (PMLA), so that the assets can be prevented from being sold or hidden and the interests of the banks and the public are protected. The investigation was initiated on the basis of multiple FIRs by the Central Bureau of Investigation (CBI), which were registered on complaints from State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

In these complaints, Anil Ambani and his company RCom and others have been made accused. RCom and its group companies had taken loans from banks in the country and abroad, of which a total of Rs 40,185 crore is outstanding.

7.71 crore shares of RIL also seized

Investigation has revealed that some of the properties of the promoter group include flat in Usha Kiran Building in Mumbai, farmhouse in Khandala in Pune and land in Sanand in Ahmedabad. Apart from this, 7.71 crore shares of Reliance Infrastructure Limited, which were held by Raiji Infinity Private Limited, have also been seized. This company is part of a trust related to Anil Ambani’s family. The Raiji Trust was created to protect a family’s assets and protect them from personal debt responsibilities.

The statement said that these properties Anil Ambani These were meant for the use of the family, whereas the banks whose money was stuck were not getting the benefit. Under Section 8 of the PMLA, seized assets can be returned to the rightful claimants, including the banks that suffered the loss, after completion of the legal process. This means that by keeping these assets safe, the money of the banks and the public can be returned later.

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Further investigation in the case is still ongoing

ED said that he financial system Will continue to take such action to keep it safe and protect public money. The statement further said that further investigation in this matter is still going on.