ED action in Reliance Anil Ambani Group cases | Explained

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File picture of Anil Ambani. The ED’s money-laundering probe is based on multiple First Information Reports registered by the CBI, the EOW of the Delhi Police, and the EOW of the Mumbai Police. | Photo Credit: Reuters

The story so far: The Enforcement Directorate (ED) has cumulatively attached or seized assets worth about ₹23,100 crore till date in several cases involving the Reliance Anil Ambani Group (RAAG) under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). The agency has arrested 10 accused persons and filed multiple complaints under PMLA and FEMA.

On November 3, the agency said it had attached assets worth ₹510.17 crore linked to the group in connection with alleged bank fraud cases against Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).

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