ED attaches Anil Ambani's assets worth Rs 3034 crore

 

 

ED has attached Anil Ambani's Mumbai flat and his son Jay Anshul Ambani's Khandala farmhouse. The ED's action is in a money laundering case. The ED has newly attached assets worth Rs 3034 crore.

The assets worth Rs 3034 crore were attached in a money laundering and bank fund fraud case against Reliance Communications. The ED said in a statement that the temporary attachment under the Prevention of Money Laundering Act is to prevent the sale of assets and protect the interests of banks and the public.

The case is based on the misappropriation and misuse of funds borrowed from domestic and foreign lenders by Reliance Communications and other entities.