Anil Ambani appears before ED a day after attachment of his residential tower in Mumbai
New Delhi, Feb 26 : A day after the Enforcement Directorate (ED) attached his 17-floor residential tower worth Rs 3,717 crore in Mumbai in connection with a money laundering case, Chairman of the Reliance Anil Dhirubhai Ambani Group (ADAG), today appeared before the Delhi office of the investigating agency as part of the probe.
The 66-year-old younger brother of Asia’s richest businessman Mukesh Ambani appeared before the ED for his second round of questioning in a case linked to the alleged bank loan fraud involving Reliance Communications (RCoM).
He had earlier before the ED in August last year.
The ED is probing allegations ranging from diversion of bank loans to money laundering related to RCoM and in this connection it provisionally attached the luxurious 66-meter tall residential tower located in the posh Pali Hill area of Mumbai yesterday.
Fresh CBI case against Anil Ambani in RCoM case, searches conducted at his Office, Residence
In a statement, the ED said a provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by Ambani’s group company RCOM.
Earlier in November last year, the ED had attached a part of this property, worth Rs 473.17 crore.
With yesterday’s action, the total value of the properties of Anil Ambani attached by the ED case stands at about Rs 15,700 crore.
According to the ED, RCOM and its group companies availed loans from domestic and foreign lenders with a total outstanding of Rs 40,185 crore.
The agency recently constituted a special investigation team to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.
