ED Attaches Anil Ambani’s ₹3,716Cr Mumbai Home ‘Abode’ in ₹40,000Cr Fraud Probe

The Enforcement Directorate has provisionally attached industrialist Anil Ambani’s Mumbai residence ‘Abode’, valued at ₹3,716.83 crore, under the provisions of the Prevention of Money Laundering Act (PMLA), official sources said on Wednesday.

The attachment is part of an ongoing money laundering investigation linked to an alleged bank fraud of around ₹40,000 crore involving group companies of the Reliance ADA Group, including Reliance Communications (RCOM).

‘Abode’, the Ambani family residence located in the upscale Pali Hill area of Mumbai, is a 66-metre-high, 17-storey structure. Investigators have pegged the value of the attached property at ₹3,716.83 crore in the provisional attachment order. A provisional attachment under the anti-money laundering law allows the agency to restrain the transfer, sale, or creation of third-party rights over the property while the investigation is underway. The order will be placed before the Adjudicating Authority under the PMLA for confirmation.

Total Attachments Cross ₹15,000 Crore

Officials said that with the attachment of ‘Abode’, the total value of assets attached in connection with Anil Ambani and his group companies has now crossed ₹15,000 crore. The attachments reportedly span a range of assets linked to entities under the Reliance ADA Group umbrella, as investigators examine alleged diversion of bank loan funds and routing of money through multiple layers of transactions.

The present action is tied to a money laundering case arising out of alleged irregularities in loans extended by a consortium of banks to group companies, particularly Reliance Communications, which eventually underwent insolvency proceedings. The alleged bank fraud is estimated at around ₹40,000 crore. Investigators are examining whether loan funds were diverted, misused, or siphoned off, and whether the proceeds were layered through shell entities or related companies. ED had initiated an investigation based on CBI’s FIR under sections 120-B, 406, and 420 of the Indian Penal Code, 1860, and section 13(2) read with section 13(1)(d) of the Prevention of Corruption Act, 1989, against M/s Reliance Communications Ltd. (RCOM), Mr. Anil Ambani, and others.

The ED’s investigation found that Anil Ambani moved his Pali Hill home and other assets into a private family trust called the RiseE Trust. The goal of this move was to create a "legal shield." By putting the house in the trust's name, it looked like Ambani didn't personally own it anymore. This was done to protect the property from banks that were trying to recover money.

The agency is scrutinising financial records, loan sanction processes, fund utilisation patterns, and related-party transactions as part of the money trail reconstruction.

ED Summons Ambani for Fresh Questioning

Anil Ambani has been summoned by the ED for a fresh round of questioning on Thursday in Delhi. He had earlier appeared before the agency in August 2025. In an affidavit filed before the Supreme Court of India, Ambani has assured that he will cooperate fully with the investigation and join proceedings as required.

His counsel, senior advocate Mukul Rohtagi, has also informed the court that Ambani will not leave the country and will comply with all summons issued by the agency.

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