Money laundering case: ED attaches Anil Ambani’s Mumbai flat and farmhouse. india news
New Delhi: In the latest action against Anil Ambani The ED on Tuesday said it has attached other properties worth Rs 3,035 crore of his family, including a flat in Usha Kiran Building in Mumbai and a farmhouse in Khandala (Pune), along with around Rs 20,000 crore in the ongoing money laundering case.The latest attachment has been made as part of the ED investigation Reliance Communications (RCom), which, the agency said, has defaulted on bank loans worth more than Rs 40,000 crore while misappropriating public funds. “The temporary attachment under PMLA has been done to prevent wastage of assets and to protect the interests of banks and the public,” the ED said.While Anil Ambani’s spokesperson claimed that the flat in Usha Kiran and the farmhouse in Khandala belonged to his mother Kokilaben Ambani, the ED has said that the flat is registered in the name of Anil Ambani and the farmhouse in the name of Luna Trust and his son Jai Anshul Ambani. The agency said a land in the name of Mudra Foundation for Communications Research and Education (MICA) has also been attached in Sanand, Ahmedabad.“Besides these, shares worth Rs 7.7 crore of Reliance Infrastructure Limited held by Raizai Infinity Pvt Ltd, a group entity of Anil Ambani under Raizai Trust, a private family trust of Anil Ambani’s family members, were also seized,” the ED said.“Under Section 8 of the PMLA, the seized assets shall be returned to the legitimate claimants who have suffered losses, including the aggrieved banks. Thus, attachment preserves the value, so that after due legal process, public money can be brought back and restored to the banks and ultimately to the general public in accordance with law,” the ED said.
