Mumbai The Enforcement Directorate (ED) has taken the biggest action so far against Reliance Group Chairman Anil Ambani in the alleged bank fraud and money laundering case. On Wednesday, official sources said that the Central Investigation Agency has attached his luxurious house Abode located in a posh area of Mumbai. This action reflects the tough stance of the financial investigating agencies and is a major development for the corporate world.
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This seizure has been done by issuing a provisional order under the stringent provisions of the Prevention of Money Laundering Act. This multi-storey property attached by ED is located in the prestigious Pali Hill area of Mumbai. This very luxurious house named ‘Abode’ is 66 meters high and has 17 floors. Official sources have confirmed that the value of this single attached property is estimated at Rs 3,716.83 crore.
Know in which case action was taken?
This major action by ED is a direct result of its investigation into an alleged bank fraud case involving Anil Ambani’s group company Reliance Communications. With this latest order, the total value of assets attached by the Enforcement Directorate (ED) in this high-profile bank fraud case has now reached a whopping figure of around Rs 15,700 crore.
What action has been taken so far in this matter?
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In this matter, the problems of 66-year-old industrialist Anil Ambani seem to be increasing. According to sources, Ambani is to appear before the Federal Investigation Agency soon for the second round of questioning in this case. Earlier, he had appeared before the ED for the first time in August 2025, where his official statement was recorded under PMLA.
The attachment of ‘Abode’, one of the most expensive and popular residences of Mumbai, is a clear indication that no leniency is being given in financial fraud and money laundering cases. With total seizures of Rs 15,700 crore, the case has become one of the largest financial investigation operations in India’s corporate history, the next developments of which will be closely watched by the markets and investors.
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