NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday the attachment of Anil Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under the anti-money laundering law.
This action precedes Ambani’s anticipated second round of questioning by the agency on Thursday in connection with the alleged bank loan fraud involving Reliance Communications (RCOM).
The lavish residence, standing at 66 meters with 17 floors, is situated in Mumbai’s Pali Hill area.
The ED has issued a provisional order for the asset attachment under the Prevention of Money Laundering Act (PMLA), citing connections to alleged fraud related to RCOM. The agency confirmed the asset’s value as ₹3,716.83 crore.
A portion of this property, worth ₹473.17 crore, was previously attached by the ED in November 2025.
According to the ED, RCOM and its group companies had accrued loans from both national and international lenders totaling ₹40,185 crore.
Despite attempts to reach out for comments, PTI’s email to the Reliance Group has gone unanswered.
The ED typically issues provisional attachment orders to prevent accused individuals from selling or transferring assets during investigations.
If the PMLA Adjudicating Authority affirms this order within the designated 180 days, the ED can seize the property and require residents to vacate.
The probe has revealed that the Pali Hill property (Abode) was consolidated into the RiseE Trust, a private family trust. This maneuver allegedly aimed to obscure Anil Ambani’s involvement, as the restructuring was intended for wealth preservation while protecting the property from Ambani’s personal liabilities associated with loans to RCOM.
The agency asserted that this property is intended for the use and benefit of the Ambani family, rather than the public banks whose loans have become non-performing assets (NPAs).
With this latest order, the total value of attached assets in this case has now reached approximately ₹15,700 crore.
Ambani, age 66, is set to appear before the ED for his second questioning session on Thursday, following his initial deposition in August 2025.
The agency has recently formed a special investigation team to look into various cases of alleged bank fraud and related financial anomalies involving the Anil Dhirubhai Ambani Group (ADAG), as directed by the Supreme Court.
