Anil Ambani: Central investigation agency ED (Enforcement Directorate) has taken major action against Anil Ambani’s ADAG Group companies. Under a new provisional attachment order, immovable properties worth about Rs 1400 crore have been seized. Along with this, ED has till now attached properties worth Rs 9000 crore belonging to ADAG Group. These seized properties are in Navi Mumbai, Chennai, Pune and Bhubaneswar. This action is part of the investigation related to money laundering. ED says that the investigation is ongoing and further assets can be attached if needed.
What is ED’s allegation?
ED had earlier also attached assets worth Rs 7500 crore under the same investigation, which is based on alleged financial irregularities related to Ambani’s group companies. The investigation is still ongoing and the ED is expected to release more details about the nature of the assets and their link to the transactions under investigation.
The agency had last interrogated Ambani in August. This investigation of ED is related to Jaipur-Ringas Highway Projects, for which the contract was given to Reliance Infra in the year 2010. The agency alleges that from this project, Rs 40 crore was sent abroad through shell companies of Surat. This could be part of a big international hawala network worth more than Rs 600 crore.
CBI also filed FIR
Earlier, while registering FIR, CBI has also leveled charges of fraud, conspiracy and corruption against Anil Ambani, RCOM and others. It was told that between 2010 and 2012, a loan of more than Rs 40,000 crore was taken from some banks in India and abroad. Out of the accounts to which this money was transferred, 5 have been declared fraud by the bank.
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