Assets worth more than Rs 7,500 crore linked to Reliance Group Chairman Anil Ambani, his group companies and linked entities have been attached as part of a money laundering investigation, the Enforcement Directorate (ED) said.
The federal probe agency issued four separate provisional orders under the Prevention of Money Laundering Act (PMLA) on October 31 for attaching 42 properties, including the 66-year-old Ambani’s family home in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies.
On Monday, the ED issued a fifth order attaching 32 acres of land of Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, Maharashtra, worth `4,462 crore in the Reliance Communications Ltd. (RCOM) linked alleged bank fraud case.
A plot of land belonging to the Reliance Centre on Maharaja Ranjit Singh Marg in Delhi and multiple other assets of Reliance Infrastructure Ltd. and certain linked entities like Adhar Property Consultancy Private Limited, Mohanbir Hi-tech Build Private Limited, Gamesa Investment Management Private Limited, Vihaan43 Realty Private Limited (earlier known as Kunjbihari Developers Private Limited), and Campion Properties Limited have been attached as part of the October 31 orders. These properties are located in the national capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and the East Godavari district in Andhra Pradesh.
Offices in the ‘Nagin Mahal’ building at Churchgate in Mumbai, flats in BHA Millenium apartments in Noida, and Camus Capri Apartments in Hyderabad are among those provisionally attached by the ED.
The total value of the attached assets is more than Rs 7,545 crore, the agency said in a statement.
R-Infra said in a regulatory filing that there was no impact on the business operations, shareholders, employees, or any other stakeholders of the company.
Anil Ambani is not on the Board of Reliance Infrastructure Limited for more than 3.5 years, it said.
