Anil Ambani is predicted to look earlier than the ED for a second spherical of questioning.
| Photo Credit: The Hindu
The Enforcement Directorate (ED) provisionally hooked up the Pali Hill residential property value ₹3,716.83 crore linked to businessman Anil Ambani in reference to the alleged Reliance Communications Limited (RCom) financial institution fraud case on Wednesday (February 25, 2024). The cumulative worth of the attachment with respect to the group now stands at over ₹15,700 crore.
Earlier, part of the Mumbai property named ‘Abode’, value ₹473.17 crore, had been hooked up by the company. The ED probe is predicated on a First Information Report registered by the Central Bureau of Investigation in opposition to RCom, Mr. Ambani and others. As alleged, RCom and its group corporations had taken loans from home and overseas lenders, of which a complete quantity of ₹40,185 crore is excellent.
“ED investigation has revealed that among other assets, the Pali Hill property was aggregated into the RiseE Trust – a private family Trust of the members of Mr. Anil Ambani’s family. This was done to make it appear as though Mr. Anil Ambani is not involved,” mentioned the ED on Wednesday.
According to the company, the supposed impact of the company restructuring was to make sure wealth preservation and useful resource era by aggregation of the property within the RiseE belief and defend it from the private liabilities of Mr. Ambani within the type of private ensures prolonged by him to lender banks in opposition to the loans sanctioned to RCom.
“The property was intended to be beneficially used and owned by the Anil Ambani family and not for the distressed public banks whose loans turned NPA (non-performing asset),” it mentioned.
Published – February 25, 2026 06:20 pm IST
