Anil Ambani’s Rs 3,716 crore Mumbai home attached in money laundering case

The Enforcement Directorate has provisionally attached Reliance Group chairman Anil Ambani’s 17-storey Mumbai residence ‘Abode’, valued at Rs 3,716.83 crore, in connection with an alleged money laundering case linked to Reliance Communications. The action was taken under the Prevention of Money Laundering Act (PMLA), with officials confirming that the total value of assets attached in the case has now reached around Rs 15,700 crore.

The property, located in Mumbai’s Pali Hill area, was attached following investigations stemming from two FIRs registered by the Central Bureau of Investigation. The probe relates to allegations of cheating, bribery and diversion of public funds by entities within the Reliance Anil Ambani Group. Searches have been conducted across multiple premises linked to group companies and executives, with several individuals questioned.

Investigators are examining allegations that loans worth around Rs 3,000 crore from Yes Bank between 2017 and 2019 were diverted through a structured scheme involving shell entities and possible round-tripping of funds. Concerns over back-dated credit approval memorandums, disbursals without due diligence and an alleged quid-pro-quo arrangement are also under scrutiny.

Reliance Communications is currently undergoing insolvency proceedings before the National Company Law Tribunal. Meanwhile, Reliance Power and Reliance Infrastructure have issued statements distancing themselves from the investigation, asserting that they have no business or financial linkage with RCOM or Reliance Home Finance Ltd and that any action taken will not impact their governance or operations.