ED attaches Rs 1,021 crore assets in Reliance Anil Ambani Group case
The Enforcement Directorate (ED) on Saturday said it has attached fresh properties worth Rs 1,021 crore in connection with its investigation into Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). With the latest action, the total value of assets attached in cases related to the Reliance Anil Ambani Group has reached Rs 20,367 crore under the provisions of the Prevention of Money Laundering Act (PMLA), according to the agency. The investigation was initiated on the basis of multiple FIRs registered by the Central Bureau of Investigation (CBI) following complaints lodged by several public and private sector banks. ED alleges diversion of over Rs 15,500 crore According to the ED, its investigation has so far found that public funds amounting to Rs 15,548 crore raised by RHFL and RCFL were allegedly diverted through a network of shell companies and group entities. The agency alleged that these entities were controlled and managed by the Reliance Anil Ambani Group. The ED said the investigation is being carried out under the provisions of both the Prevention …
