Anil Ambani's Mumbai Residence Attached in Money Laundering Case
The Enforcement Directorate (ED) has attached Anil Ambani's residential property 'Abode', located in Mumbai's Pali Hill, as part of a money laundering investigation linked to Reliance Communications Ltd (RCOM). The property is valued at over ₹3,700 crore.
Details of the Attachment
The ED's action includes a provisional attachment order issued under the Prevention of Money Laundering Act (PMLA). The 17-story building, standing 66 meters tall, is valued at ₹3,716.83 crore.
With this attachment, the total value of assets seized in connection with Anil Ambani and his group entities now exceeds ₹15,700 crore. Previously, a portion of the property had been attached for ₹473 crore.
Background of the Investigation
The ED initiated the investigation based on the CBI's FIR against RCOM, Anil Ambani, and others, concerning alleged bank fraud. RCOM and its group companies reportedly availed loans from domestic and foreign lenders, with an outstanding amount of ₹40,185 crore.
The ED investigation revealed that the Pali Hill property was integrated into the RiseE Trust, a private family trust, to seemingly distance Anil Ambani from direct involvement. The agency alleges this was intended to shield the property from Ambani's personal liabilities tied to loans sanctioned to RCOM.
Anil Ambani's Involvement
Anil Ambani appeared before the ED for a second round of questioning on Thursday in Delhi. His statement was recorded under the PMLA. He was previously questioned in August 2025. The ED has filed three money laundering cases against the Anil Dhirubhai Ambani Group (ADAG) to investigate bank loan fraud and financial irregularities.
A special investigation team (SIT) was formed by the ED, directed by the Supreme Court, to probe loan fraud allegations against Ambani and his group companies.
Allegations of Loan Diversion
Preliminary investigations suggest that companies linked to Ambani were involved in diverting approximately ₹3,000 crore in loans from Yes Bank between 2017 and 2019. The ED is examining the routing of funds through shell entities and round-tripping.
SBI Declares RCOM as Fraud
State Bank of India (SBI) has declared Reliance Communications and Anil Ambani as 'fraud' under RBI guidelines. SBI's exposure includes ₹2,227.64 crore in fund-based loans and ₹786.52 crore in bank guarantees. SBI is preparing to file a complaint with the CBI.
Conclusion
Anil Ambani's Mumbai residence has been attached by the ED in connection with a money laundering case related to Reliance Communications. The ED has attached assets worth over ₹15,700 crore and is investigating alleged loan fraud and financial irregularities. Ambani appeared before the ED for questioning, and a SIT has been formed to investigate the matter further.
