Reliance Group Assets Worth Rs 1,120 Crore Attached in Money Laundering Probe

The Enforcement Directorate (ED) has attached assets worth Rs 1,120 crore belonging to companies of Reliance Group chairman Anil Ambani, related to an alleged fraud at Yes Bank. This brings the total value of attached assets to Rs 10,117 crore. The assets include real estate in Mumbai and Chennai.

The Enforcement Directorate (ED) has attached fresh assets valued at Rs 1,120 crore from companies linked to Reliance Group chairman Anil Ambani as part of an ongoing money laundering investigation. These assets include the Reliance Centre, residential properties, and 231 plots of land spread between Mumbai and Chennai.

The investigation concerns alleged fraudulent activities at Yes Bank, with previous asset freezes for the Ambani group totaling more than Rs 8,997 crore. With this latest action, the accumulated value of Reliance Group's attached properties stands at Rs 10,117 crore, according to the ED statement.

This marks a significant escalation in the probe as ED continues to focus on returning seized funds to their rightful owners. The Reliance Group maintains that the Reliance Communications assets, worth Rs 10,117 crore, haven't been part of the group since 2019, while Anil Ambani has not served on certain company boards in years.

(With inputs from agencies.)