Indian Paddle Festival to be held in Mangaluru from March 8-10
Mangaluru, Feb 21: Japanese world champion Shuri Araki, the youngest to win the title, will be the cynosure of all eyes in the India Paddle Festival, the country's first-ever international stand-up paddling event, which will take place at the Sasihithlu Beach here from March 8 to 10.
Araki was 16 when he won the world title.
With this event the Association of PaddleSurf Professionals World Tour (APP) will mark its entry into the country.
The event will be conducted prior to the launch of the 2024 APP World Tour.
Some top athletes from the APP World Tour, as well as other aspiring professionals from the region, will participate in the event, presented by Karnataka Tourism and organised by Surfing Swami Foundation.
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India No.1 Sekar Patchai and the 17-year-old Japanese Araki will be seen in action among others.
"We are extremely pleased to make our first entry into India with the Surfing Swami Foundation and Karnataka Tourism. We hope that the India Paddle Festival will help the sport get the much-needed push to expand in the region," CEO of the APP World Tour, Tristan Boxford said in a statement. "This championship will also provide an opportunity for the athletes to experience an international competition."
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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.
