The Enforcement Directorate (ED) has issued a provisional attachment order for Anil Ambani’s opulent residence in Mumbai, valued at approximately ₹3,716 crore. This action is part of an ongoing investigation into a massive bank fraud case involving Reliance Communications (RCOM), where the group is accused of defrauding banks of nearly ₹40,000 crore. The luxury property, located in the prestigious Pali Hill area, stands 66 meters tall with 17 stories and is considered one of the most prominent assets seized in this financial probe so far.
This move comes as the ED intensifies its investigation following strict observations from the Supreme Court regarding delays in the probe. A special team has been formed to look into the financial irregularities of the Anil Dhirubhai Ambani Group (ADAG), and to date, assets worth ₹12,000 crore have been attached across multiple FIRs. Anil Ambani has already appeared before the agency to record his statement in August 2025 and is scheduled for another round of questioning this Thursday, February 26.
The legal pressure extends beyond Anil Ambani, as his wife, Tina Ambani, has also been summoned in connection with the fraudulent purchase of a luxury property in New York. While Anil Ambani has assured the court that he will not travel abroad without prior permission, the agency is aggressively tracing the money trail. The ED’s recent actions, including the arrest of former RCOM executive Puneet Garg, suggest a widening net as authorities attempt to recover funds linked to one of India’s largest corporate debt defaults.
