New Delhi, Dec 5: The Enforcement Directorate (ED) has provisionally attached assets worth ₹1,120 crore in its ongoing money-laundering investigation against companies of the Reliance Group led by Anil Ambani, officials said on Friday.
The attachment, made under the Prevention of Money Laundering Act (PMLA), covers 18 properties including the Reliance Centre at Ballard Estate in Mumbai, along with fixed deposits, bank balances and shareholdings in unlisted investments of the Reliance Anil Ambani Group.
The fresh action also includes seven properties of Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, and nine assets of Reliance Value Service Pvt Ltd. Fixed deposits and unquoted investments linked to Reliance Value Service, Reliance Venture Asset Management, Phi Management Solutions, Adhar Property Consultancy, and Gamesa Investment Management have also been seized, officials added.
With the latest move, the total value of ED attachments in cases involving group entities has exceeded ₹10,000 crore. Earlier, the agency had attached assets worth over ₹8,997 crore in bank fraud cases related to Reliance Communications, Reliance Commercial Finance, and Reliance Home Finance. (Agencies)
