Anil Ambani’s House Got Seized: When and Why?
Anil Ambani who is the younger brother of Ambani household is facing a serious issue with regard to financial scam and it has reached a point where the ED has attached his house in Mumbai.;
Anil Ambani who is the younger brother of Ambani household is facing a serious issue with regard to financial scam and it has reached a point where the ED has attached his house in Mumbai.
The Enforcement Directorate (ED) has provisionally attached the lavish 17-storey Pali Hill residence ‘Abode’ of Anil Ambani, valued at ₹3,716.83 crore, in connection with its ongoing money laundering and bank fraud probe tied to Reliance Communications.
The attachment order was issued under the Prevention of Money Laundering Act as part of the broader investigation into alleged financial irregularities and loan defaults involving RCOM and its group companies.
With this latest move, the total value of attached assets linked to Ambani and his group now exceeds ₹15,700 crore, marking a significant escalation in enforcement actions. The high-value residential property is 66 metres tall with 17 floors and is located in one of Mumbai’s most upscale neighbourhoods.
Officials say the probe stems from allegations that RCOM and related firms availed loans worth over ₹40,000 crore from domestic and international lenders, some of which were later classified as non-performing.
The ED’s investigation has also highlighted efforts to restructure ownership of certain assets including the Pali Hill property through a family trust to allegedly shield them from liabilities.
Mr. Ambani, 66, is expected to appear before the ED for further questioning, marking the next phase of the federal probe. The case continues to unfold amid heightened scrutiny from multiple agencies and recent court rulings reinforcing fraud classifications against RCOM accounts.