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ED attaches assets valued at Rs 1,885 crore of Anil Ambani Group

The ED has attached Rs 1,885 crore worth of assets linked to Anil Ambani’s Reliance Group in bank fraud cases, taking total attachments to about Rs 12,000 crore. The ED alleges large-scale diversion and evergreening of loans, misuse of public funds, and routing of money through connected parties, with investigations still ongoing

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 ED tightens noose on Anil Ambani in multiple bank fraud cases. File Pic

ED tightens noose on Anil Ambani in multiple bank fraud cases. File Pic

The Enforcement Directorate (ED) has provisionally attached assets worth Rs 1,885 crore of Anil Ambani's Reliance Group, including immovable properties, bank balances, receivables and shareholding in unquoted investments, according to a statement issued by the agency on Wednesday.
 
The attachments have been done in the Reliance Home Finance Ltd (RFHL), the Reliance Commercial Finance Ltd (RCFL), and the Yes Bank fraud case, as well as the Reliance Communication Ltd (RCOM) bank fraud case, the statement said.

The attached assets are in the form of shareholding of Reliance Infrastructure Ltd in BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd, and Mumbai Metro One Private Ltd, it said.

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