The Enforcement Directorate is investigating Reliance Group Chairman Anil Ambani on money laundering charges. Recently, more assets relating to the Reliance Group have been attached.
The ED, so far, has attached assets worth Rs 7,500 crore. The assets recently added to this list are valued at over Rs 1,400 crore, official sources said. The Reliance Group has made no comments on the latest ED actions. Anil Ambani was supposed to appear before the ED but did not go. He had sought to appear through video conference, which was rejected by the ED.
The CBI started investigating into complaints of bank loan fraud allegedly committed by companies of Anil Ambani. ED had registered a money laundering case based on a first information report (FIR) from the CBI. The Reliance Group firms, including Reliance Infrastructure, allegedly illegally transferred funds of over Rs 17,000 crore.
In July, the ED conducted searches at 35 places and interrogated 25 people linked to 50 firms of Reliance Group. Investigation is ongoing.
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