Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in New Delhi on Thursday for fresh questioning in an ongoing money-laundering investigation linked to Reliance Communications.
The development comes a day after the agency provisionally attached his 17-storey luxury home, Abode, in Mumbai’s Pali Hill locality, valued at around ₹3,716 crore. The property has been frozen under the Prevention of Money Laundering Act, which allows authorities to bar the sale or transfer of assets suspected to be connected to illegal funds.
This is Ambani’s second round of questioning in the case. His statement had previously been recorded in August last year, and officials said the latest summons is part of efforts to gather more details about financial transactions and the structure of group companies.
The ED is examining loans taken by Reliance Communications and its associated firms from Indian and overseas banks. The total outstanding dues are estimated to be more than ₹40,000 crore. Investigators are trying to determine whether a portion of these funds was diverted or routed through different entities in violation of financial regulations.
The attachment of the Pali Hill residence is part of a wider crackdown. A smaller portion of the same property had been attached earlier, and the latest order significantly raises the value of assets brought under the probe.
The high-rise residence is considered one of the costliest private homes in the country and is reported to be linked to a private family trust — a structure that is also under the scanner.
Once among the world’s richest business leaders, Ambani has seen several of his flagship companies face insolvency proceedings over the past decade, particularly in the telecom sector.
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