ED Summons Anil Ambani for Money Laundering Case
The Enforcement Directorate (ED) has summoned Reliance ADAG Group Chairman Anil Ambani on November 14 for questioning related to money laundering allegations against the conglomerate, according to sources.
Recent Developments
This summons follows the ED's provisional attachment of over 132 acres of land, valued at Rs4,462.81 crore, located in Dhirubhai Ambani Knowledge City, Navi Mumbai. The action was taken under the Prevention of Money Laundering Act earlier this week.
Previous Attachments
Earlier, the ED had attached 42 properties worth more than Rs3,083 crore in connection with bank fraud cases involving Reliance Communications Ltd. (RCOM), Reliance Commercial Finance Ltd., and Reliance Home Finance Ltd.
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Author's summary: The ED is intensifying its probe into alleged financial irregularities in the Reliance ADAG group by summoning Anil Ambani and attaching significant assets under the Prevention of Money Laundering Act.