ED’s big action: ₹1,400 crore worth of Anil Dhirubhai Ambani Group assets seized

Mumbai (The Uttam Hindu): The Enforcement Directorate (ED) has taken major action against the Anil Dhirubhai Ambani Group (ADAG) led by Anil Ambani, seizing new immovable assets worth ₹1,400 crore.

According to sources, with this latest move, the total value of properties seized by the ED in this case has increased to nearly ₹9,000 crore. The action comes at a time when Anil Ambani has been repeatedly summoned by the agency for questioning but has not appeared. He was asked to appear at the ED’s Delhi office on November 17 for the second time in connection with the FEMA investigation linked to the Jaipur–Reengus highway project. However, he skipped the summons and suggested attending virtually.

Earlier, on November 14 as well, Anil Ambani did not appear for questioning, and the ED rejected his proposal for a virtual appearance. According to the agency, they want to record his statement under FEMA provisions. The probe began after allegations that around ₹40 crore from the highway project awarded to Reliance Infra in 2010 was diverted to Dubai through fake Surat-based companies.

In August, Anil Ambani was questioned for nearly nine hours at the ED headquarters in a separate alleged loan fraud case involving ₹17,000 crore. This latest development comes shortly after the ED provisionally attached over 132 acres of land worth ₹4,462.81 crore at the Dhirubhai Ambani Knowledge City in Navi Mumbai under the Prevention of Money Laundering Act.

Before this, the ED had also seized 42 assets worth more than ₹3,083 crore in bank fraud cases linked to Reliance Communications Ltd (RCom), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd.