US EditionED Seizes Rs 3,034 Crore Assets in Reliance Communications Alleged Fraud Case; Total Group Attachments Exceed Rs 19,344 Crore
The provisional attachment covers assets and shares tied to the Reliance Anil Ambani Group as probes into alleged diversion and laundering continue.
- On Tuesday, The Enforcement Directorate provisionally attached assets worth ₹3,034.90 crore in the Reliance Communications Ltd bank fraud case, pushing total attachments linked to the Reliance Anil Ambani Group beyond ₹19,344 crore.
- CBI cases filed by lenders including State Bank, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation triggered the probe into RCOM and Anil Ambani regarding allegations of fund diversion.
- Attached properties include a premium flat in Mumbai's Usha Kiran Building, a farmhouse in Khandala near Pune, and a land parcel in Sanand, Ahmedabad, to protect bank and public interests.
- The agency also attached ₹7.71 crore in Reliance Infrastructure Ltd. shares held by Risee Infinity Pvt Ltd. under the RiseE Trust, which allegedly shielded assets from Anil Ambani's personal liabilities.
- A Special Investigation Team constituted on Supreme Court directions is probing allegations of fund diversion by RAAG entities, which owe ₹40,185 crore to domestic and foreign lenders.
18 Articles
18 Articles
Anil Ambani Company Fraud Case: Taking another major action, the ED has attached assets worth approximately Rs 3034.90 crore in the bank fraud case related to Reliance Communications (RCOM). This action has been taken in cases related to Reliance Anil Ambani Group (RAAG). This brings the total amount of attachment so far to more than Rs 19344 crore. This investigation is being conducted under the supervision of the SIT formed on the instructions…
ED seizes Rs 3,034 crore assets in Reliance Communications alleged fraud case; total group attachments exceed Rs 19,344 crore
Enforcement Directorate (ED) attaches assets valued at Rs 3034.90 crore in the M/s Reliance Communications Ltd. Bank Fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs.19,344 crore.
ED attaches additional ₹3,034 crore assets of Anil Ambani Group in RCom case
New Delhi: The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday. The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RA…
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