ED action in Reliance Anil Ambani Group cases | Explained
On November 3, the ED said it had attached assets worth ₹510.17 crore linked to the group in connection with alleged bank fraud cases against Reliance Communications Limited, Reliance Home Finance Limited and Reliance Commercial Finance Limited
The Enforcement Directorate (ED) has seized or attached assets worth approximately ₹23,100 crore in connection with several cases involving the Reliance Anil Ambani Group (RAAG) under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). The agency has arrested 10 individuals and filed multiple complaints against the group.
On November 3, the ED announced the attachment of ₹510.17 crore in assets linked to the group in relation to alleged bank fraud cases against Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), and Reliance Commercial Finance Limited (RCFL).
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