New Delhi: The Enforcement Directorate (ED) has tightened its grip on the Reliance Anil Ambani Group (RAAG), attaching fresh assets worth Rs 3,034 crore in its ongoing money laundering investigation.
According to reports, the properties belong to Reliance Communications (RCOM) and Reliance Infrastructure Ltd. (R-Infra). Among the assets seized are a Mumbai flat, a farmhouse in Khandala, land parcels in Sanand (Ahmedabad), a hill station property in Maharashtra, and 7.71 crore shares of R-Infra.
The ED issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA), adding to the growing list of assets frozen in the case. With this latest move, the total value of attached properties linked to RAAG now stands at Rs 19,344 crore.
The group is under investigation for alleged bank fraud and diversion of funds, marking one of the largest corporate probes currently underway in India's financial sector.