The troubles of Anil Ambani, one of the biggest industrialists of the country, seem to be increasing. Taking major action in the money laundering case, the Enforcement Directorate (ED) has attached his luxurious residence ‘Abode’ in Mumbai. According to officials, the estimated value of this property is Rs 3716.83 crore.
Big action by ED
This action has been taken under the anti-money laundering law. According to news agency PTI, ED has issued a temporary attachment order in this regard. According to agency sources, this order was issued recently. This case is related to the alleged bank fraud case related to Anil Ambani’s company Reliance Communication (RCom). ED is investigating this case under the Prevention of Money Laundering Act (PMLA).
Abode is situated in Pali Hill
This luxurious building named ‘Abode’ is located in Pali Hill area of ​​Mumbai. This is a 66 meter high and 17 storey building, which is counted among the expensive private properties of the country. According to ED, the total attachment action taken so far against Anil Ambani and his group companies has been more than Rs 15,000 crore.
Investigation intensified after Supreme Court’s instructions
Earlier this month, the Supreme Court had directed the ED to set up a Special Investigation Team (SIT) to probe allegations of large-scale bank fraud against Reliance Communications, its parent companies and Reliance Group Chairman Anil Ambani.
Anil Ambani will not leave the country
According to media reports, the Supreme Court also mentioned the assurance of Ambani’s lawyer Mukul Rohatgi, in which he had said that his client will not leave the country and no obstruction will be allowed in the investigation.
Ambani will appear before ED again
66-year-old Anil Ambani is likely to be interrogated for the second time by the Central Investigation Agency. Earlier, he had appeared before the ED in August 2025, where his statement was recorded under PMLA. The Supreme Court has also entrusted the responsibility to the Central Bureau of Investigation (CBI) to find out whether any bank official was complicit in the alleged fraud.
Displeasure over the slowness of investigating agencies
The Supreme Court also commented that the pace of investigation by both the agencies has been slow. The court has now expressed hope for a fair investigation and has directed CBI and ED to inform the court from time to time about the progress of the investigation.
Focus on loan worth Rs 40,000 crore
ED had started investigation in this case after the CBI FIR last year. In the FIR, allegations of fraud, conspiracy and corruption were made against Anil Ambani, RCom and others. The focus of the investigation is RCom and its associate companies, which had taken loans of more than Rs 40,000 crore from Indian and foreign banks between 2010 and 2012. Five of these accounts were later declared fraudulent by the lending banks.
