ED attaches Rs 3K-cr assets of Anil Ambani group
The ED has provisionally attached assets valued at Rs 3,034.90 crore under Section 5 of the Prevention of Money Laundering Act (PMLA), 2002, in Reliance Communications Ltd (RCom) alleged bank fraud case.
The attachment under PMLA had been made to prevent dissipation of assets and to protect the interests of banks and the public, sources said.
Investigation was initiated based on multiple CBI FIRs registered on the complaints of State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India, against RCom, Anil D Ambani, and others.
RCom and its group companies availed loans from domestic and foreign lenders, of which a total amount of Rs 40,185 crore is outstanding.
The ED probe revealed certain assets of the promoter group, including a flat in the Usha Kiran Building, Mumbai, a farmhouse in Khandala, Pune, and a land parcel in Sanand, Ahmedabad.
