Tag: Crime

ED Attaches Rs 7,545 Cr Assets of Anil Ambani, Reliance Firms in PMLA Probe

India’s Enforcement Directorate (ED) has provisionally attached properties valued at over Rs 7,545 crore belonging to billionaire Anil Ambani, his flagship companies and associated firms in an escalating money laundering probe linked to alleged bank frauds, officials said Monday. The attachments, executed through five orders under the Prevention of Money Laundering Act (PMLA), include a sprawling 32-acre parcel at the Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai – valued at Rs 4,462 crore – and Ambani’s private residence in Mumbai’s upscale Pali Hill locality, ED sources told reporters. Other seized assets span prime real estate in Delhi, Noida, Ghaziabad,…

Reliance Group Chairman Anil Ambani in Soup

Indian Agency Questions Anil Ambani in $2 Billion Loan Fraud Probe India’s Enforcement Directorate (ED) interrogated Reliance Group Chairman Anil Ambani for nearly 10 hours on Tuesday in a money laundering investigation tied to alleged bank loan fraud involving his group companies, officials said. The probe centers on financial irregularities exceeding $2 billion. Ambani, 66, arrived at the ED’s central Delhi office in an electric vehicle around 10:50 a.m. and left shortly before 9 p.m. His statement was recorded under the Prevention of Money Laundering Act, with investigators posing approximately 12 questions, according to agency sources. Ambani denied any wrongdoing,…