Money laundering case: ED attaches Mumbai flat, farmhouse of Anil Ambani | India News
New Delhi: In a new move against Anil Ambani And its Reliance Group entity, ED, on Tuesday said it has attached another Rs 3,035 crore worth of family properties, including a flat in Mumbai’s Usha Kiran Building and a farmhouse in Khandala (Pune), in an ongoing money laundering case of around Rs 20,000 crore.The latest attachments have been made as part of the probe against the ED Reliance Communications (Rcom), which, the company said, has defaulted on bank loans of over Rs 40,000 crore, withholding public funds. “The temporary attachment under PMLA is done to prevent wastage of resources and to protect the interest of banks and public,” the ED said.While an Anil Ambani spokesperson claimed that Usha Kiran’s flat and Khandala’s farmhouse belonged to his mother Kokilaben Ambani, the ED said the flat was registered in the name of Anil Ambani and the farmhouse in the name of Luna Trust and his son Joy Anshul Ambani. The agency said it has also attached a plot of land called Mudra Foundation for Communications Research and Education (MICA) at Sanande in Ahmedabad.“Apart from these, Rs 7.7 crore shares of Reliance Infrastructure Ltd held by RiseE Infinity Pvt Ltd – a group entity of Anil Ambani under the RiseE Trust umbrella, a private family trust of Anil Ambani’s family members – were also attached,” the ED said.“Under Section 8 of PMLA, the confiscated property shall be restored to legitimate claimants who have suffered loss including the affected banks. Thus, the attachment preserves value so that, after due legal process, public money can be recovered and restored to the banks and ultimately to the general public in accordance with law,” the ED said.
