ED attaches assets worth over Rs 3K crore in money laundering case against Anil Ambani
New Delhi (PTI): The Enforcement Directorate (ED) has attached assets worth more than Rs 3,000 crore linked to Reliance Group Chairman Anil Ambani as part of a money laundering investigation against his group companies, official sources said on Monday.
The federal probe agency has issued four provisional orders under the Prevention of Money Laundering Act (PMLA) for attaching the properties, including the 66-year-old Ambani's house in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies, they said.
A plot of land belonging to Reliance Centre on Maharaja Ranjit Singh Marg in Delhi and multiple other assets in the national capital, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai and East Godavari have also been attached.
According to the sources, the total value of the attached assets is Rs 3,084 crore.
The case pertains to alleged diversion and laundering of public funds raised by Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL).
During 2017-2019, Yes Bank invested Rs 2,965 crore in RHFL instruments and Rs 2,045 crore in RCFL instruments.
These turned into "non-performing" investments by December 2019, with Rs 1,353.50 crore then outstanding for RHFL and Rs 1,984 crore for RCFL, according to the ED.
The action against Ambani pertains to alleged financial irregularities and collective loan "diversion" pegged at more than Rs 17,000 crore by multiple group companies, including Reliance Infrastructure.
The businessman was questioned in the case by the ED in August.
This came after the agency searched 35 premises of 50 companies and 25 people, including executives of his business group, in Mumbai on July 24.
The ED's money laundering case stems from a Central Bureau of Investigation FIR.
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Pak PM Shehbaz likely to visit Saudi Arabia within next 48 hours: Report
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Islamabad (PTI): Pakistan Prime Minister Shehbaz Sharif is likely to visit Saudi Arabia within the next 48 hours following an invitation from Crown Prince Mohammed bin Salman, a media report said on Monday.
During the visit, Shehbaz is expected to hold consultations on key regional and international developments, signalling continued diplomatic engagement between the two countries, Geo News reported.
The visit follows much-anticipated talks in Islamabad, which ran from Saturday into early Sunday and were the highest-level discussions between the two sides since Iran's 1979 Islamic Revolution.
The negotiations came days after a ceasefire between the US and Iran began last week, aimed at ending six weeks of fighting that has killed thousands of people across the Gulf, throttled vital supplies of energy and sparked fears of a wider regional conflict.
Discussions on financial cooperation are expected to feature prominently, particularly after Saudi and Qatar promised to provide USD 5 billion in assistance for Pakistan.
The prime minister would be accompanied by Chief of Defence Forces Asim Munir, Deputy Prime Minister and Foreign Minister Ishaq Dar, and Special Assistant Syed Tariq Fatemi.
Finance Minister Muhammad Aurangzeb is expected to join the delegation in Riyadh, subject to the completion of his ongoing visit to the US.
Riyadh and Islamabad signed a mutual defence pact in September 2025, committing both sides to treat any aggression against either country as an attack on both. That significantly deepened a decades-old security partnership.
Recently, a Pakistani military contingent comprising around 13,000 soldiers and 10 to 18 jets has reached Saudi Arabia as part of the joint defence agreement.
The military contingent's deployment to King Abdulaziz Air Base in the Eastern Sector includes fighter jets and support aircraft from the Pakistan Air Force, the Saudi Ministry of Defence said last week.
The deployment aimed to enhance joint military coordination, improve operational readiness between the armed forces of the two countries, and support security and stability at regional and international levels, it added.
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