ED Attaches ₹510 Crore in Reliance Group Assets
Properties linked to Anil Ambani Group attached in two bank fraud cases involving RCom, RHFL and RCFL
- ED attaches Reliance Group assets worth ₹510.17 crore.
- RCom case accounts for attachments worth ₹247.12 crore.
- RHFL and RCFL case involves assets worth ₹263.05 crore.
- Attached properties include aircraft, land, windmills and financial assets.
GG News Bureau
New Delhi, 3rd Nov: The Enforcement Directorate (ED) has attached Reliance Group assets worth ₹510.17 crore in connection with two bank fraud cases involving Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
According to the agency, the attachments comprise aircraft, land parcels, office premises, windmills, bank balances, fixed deposits, investments and receivables.
Of the total amount, assets worth ₹247.12 crore have been attached in the Reliance Communications bank fraud case, while properties valued at ₹263.05 crore have been attached in the RHFL and RCFL bank fraud case.
In the RCom case, the attached assets include two chartered aircraft, six land parcels and an office premises in Maharashtra.
In the RHFL and RCFL case, the ED has attached two windmills located in Tamil Nadu, along with bank balances, fixed deposits, investments and receivables.
The latest action forms part of the agency’s investigations into alleged bank fraud involving companies associated with the Reliance Anil Ambani Group.
