ED attaches Anil Ambani's 'Abode' worth Rs 3,716 crore in PMLA case
New Delhi (PTI): The Enforcement Directorate on Wednesday said it has attached Reliance Group chairman Anil Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law.
The attachment comes a day before Ambani, 66, is expected to appear before the federal probe agency here for his second round of questioning on Thursday in a case linked to the alleged bank loan fraud involving Reliance Communications (RCOM).
The luxurious house, which is stated to be 66-metre high with 17 floors, is located in the Pali Hill area of Mumbai.
A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by Ambani's group company RCOM, the federal probe agency said in a statement.
It stated that the value of the attached asset was Rs 3,716.83 crore.
A part of this property, worth Rs 473.17 crore, was similarly attached by the ED in November, 2025.
RCOM and its group companies availed loans from domestic and foreign lenders with a total outstanding of Rs 40,185 crore, as per the ED.
An email sent by PTI to the Reliance Group seeking comment on the development remained unanswered.
The ED issues a provisional attachment order against an immovable or movable asset to prevent the accused from transacting, selling, or transferring it during the investigation.
Once the PMLA Adjudicating Authority confirms this order within the stipulated 180 days, the ED can confiscate the property and, in the case of a house, ask residents to vacate it.
Probe found that, among other assets, the Pali Hill property (Abode) was aggregated into the RiseE Trust, a private family trust of the members of Ambani's family.
"This was done to make it appear as though Mr Anil Ambani is not involved. The intended effect of this corporate restructuring was to ensure wealth preservation and resource generation by aggregation of the property in the RiseE Trust and shield it from the personal liabilities of Mr Anil Ambani in the form of Personal Guarantees extended by him to lender banks against the loans sanctioned to RCOM," the agency claimed.
It added that the property was intended to be "beneficially" used and owned by the Anil Ambani family and not for the distressed public banks whose loans became non-performing assets (NPAs).
With the latest order, the total value of the attachment in this case stands at about Rs 15,700 crore.
Ambani is expected to appear before the federal probe agency here for his second round of questioning on Thursday.
He first deposed before the ED in August 2025 and had his statement recorded under the PMLA.
The agency recently constituted a special investigation team to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.
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Sujit Nair raises concerns over speculation of DMK-AIADMK understanding to block TVK
Chennai: Journalist and political commentator Sujit Nair has expressed concern over speculation that the Dravida Munnetra Kazhagam and the All India Anna Dravida Munnetra Kazhagam could explore a post-poll understanding to prevent Vijay-led Tamilaga Vettri Kazhagam from forming the government in Tamil Nadu.
In a social media post, Sujit Nair said the election verdict in Tamil Nadu reflected a clear public demand for political change and argued that the mandate should be respected irrespective of political preferences.
Referring to reports and political discussions surrounding a possible understanding between the DMK and AIADMK, he said he hoped such developments remained only speculative conversations and did not turn into reality.
Nair stated that if such an alliance were to take shape, it would raise serious questions about ideological politics in the country. He said TVK had emerged through a democratic electoral process and that the legitimacy to govern in a parliamentary democracy comes from the people’s verdict.
According to him, attempts to prevent an electoral winner from forming the government through unexpected political arrangements may be constitutionally valid, but many people could view them as politically opportunistic.
He further said that such a move could particularly affect the political image of the DMK, which has historically projected itself around ideology, social justice and opposition politics. Nair said that in ideological terms, the DMK appeared closer to TVK than to the AIADMK, and joining hands with its long-time political rival only to remain in power could weaken its broader political narrative.
He added that the same questions would apply to the AIADMK as well, as the party had spent decades positioning itself against the DMK and such an arrangement could create discomfort among its cadre and supporters.
Drawing a comparison with Maharashtra politics in 2019, Nair said he had expressed similar views when the Shiv Sena formed an alliance with the Indian National Congress and the Nationalist Congress Party after the Assembly elections.
He said post-poll alliances between long-standing political rivals often create a public perception that ideology and electoral mandates become secondary when political power equations come into play.
Nair also said such developments increase public cynicism towards politics and reinforce the belief among voters that ideology is often sidelined after elections.
He maintained that the Tamil Nadu verdict was emphatic and said respecting both the spirit and substance of the mandate was important for the credibility of democratic politics.
