ED attaches Rs 3,034 crore assets linked to Anil Ambani

India's Enforcement Directorate has attached assets worth Rs 3,034 crore linked to industrialist Anil Ambani and his family as part of a money laundering investigation into alleged bank fraud at Reliance Communications, a company under the Reliance Anil Ambani Group. The provisional order under the Prevention of Money Laundering Act targets properties including a flat in Mumbai's Usha Kiran Building at Cumballa Hill owned by Anil Ambani, a farmhouse in Khandala near Pune held jointly by his son Jai Anshul Ambani and Luna Trust, and a land parcel in Ahmedabad's Sanand area registered under the Mudra Foundation for Communications Research and Education, known as MICA. The attachment also covers 7.71 crore shares of Reliance Infrastructure Ltd held by Risee Infinity Pvt Ltd, an entity under the RiseE Trust, described by the agency as a private family trust set up for wealth preservation and to shield assets from Ambani's personal guarantees on loans to group companies.

The action brings the total value of attached properties in cases against the Reliance Anil Ambani Group to Rs 19,344 crore. Officials stated the measures aim to prevent asset dissipation and safeguard the interests...