The Enforcement Directorate, India’s top anti-money laundering agency, has attached several movable and immovable assets of firms linked to industrialist Anil Ambani, in connection with the Reliance Home Finance Limited/Reliance Commercial Finance Limited Bank fraud case and the Reliance Communications Limited bank fraud case. The assets include aircraft, bank deposits, fixed deposits, immovable properties, receivables and investments.
In the RCFL/ RHFL case, it seized two windmills in Tamil Nadu and bank deposits. READ | Company Law Tribunal Initiates Personal Insolvency Process Against Anil Ambani The ED has also investigated two cases under the FEMA law. “The FIR registered by the CBI pertains to Reliance Capital Limited.
Listing the seized assets, the agency said in a statement that it has attached 2 chartered aircraft, 6 land parcels, and one office premises in Maharashtra. Assets valued at Rs 263.05 crore have been attached in the Reliance Home Finance Limited and Reliance Commercial Finance Limited Bank fraud case. Rs 247.12 crore worth of assets have been attached in the Reliance Communications Limited bank case. In August, the Central Bureau of Investigation (CBI) filed a First Information Report against Reliance Capital Limited (RCL) and its former chairman Anil Ambani for allegedly causing a loss of Rs 1,816.22 crore to the provident fund body EPFO. Mr Ambani served as a Non-Executive Director/Chairman of the Board of Reliance Capital Limited from 2005 until November 2021, when the Reserve Bank of India superseded the Board of Directors of the company and appointed an administrator.
Companies under investigation include Reliance Communications Ltd, Reliance Home Finance Ltd, Reliance Commercial Finance Ltd, Reliance Infrastructure Ltd, Reliance Power Ltd and Reliance Capital Ltd, the agency said. “Anil Ambani denies any wrongdoing whatsoever, and reserves all rights available to him in law,” his spokesperson had said.
