In a significant development, the Enforcement Directorate (ED) in India has taken decisive action in a high-profile money laundering case, attaching assets valued at more than ₹3,000 crore that are linked to Reliance Group Chairman Anil Ambani.
This move is part of an expansive investigation into alleged financial misconduct, with properties seized across major Indian cities, including Mumbai and Delhi. The attachments represent a crucial step in the federal agency’s probe.
The ED’s core allegations revolve around the purported diversion and misuse of public funds, which are claimed to exceed ₹17,000 crore. These funds are believed to have been routed through two of Ambani’s key group companies: Reliance Home Finance and Reliance Commercial Finance. The attachment of these substantial assets highlights the seriousness of the accusations and the ongoing efforts to combat large-scale economic offenses.
This report provides an in-depth look at the implications of the ED’s actions and offers further details on the complex financial investigation.
Script: Athira Madhav
Edit: Asif Baiju