The Enforcement Directorate (ED) has taken another major action against Anil Ambani Group. The agency has attached additional assets worth about Rs 510 crore in two cases related to bank fraud. These include two chartered aircraft, six plots of land and an office complex in Maharashtra.
According to ED, assets worth Rs 247.12 crore have been attached in the Reliance Communication (RCOM) case. At the same time, assets worth Rs 263.05 crore have been attached in the case related to Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL).
Windmill, bank balance and investment also attached
The ED action also includes two windmills, bank balances, fixed deposits and investment-related properties in Tamil Nadu.
According to the agency, so far assets worth Rs 23,100 crore have been attached or seized against Anil Ambani Group.
Investigation against which companies?
ED had started money laundering investigation on the basis of FIR of CBI Delhi, Delhi Economic Offenses Wing (EOW) and Mumbai EOW.
The scope of investigation includes Reliance Communication, Reliance Home Finance, Reliance Commercial Finance, Reliance Infrastructure, Reliance Power and Reliance Capital.
Accused of diverting money received from banks
The ED investigation alleges that public money received from banks and financial institutions was diverted elsewhere. The investigation has also revealed allegations of alleged misuse of the Insolvency and Bankruptcy Code (IBC) and sending money from India to foreign tax havens.
According to the agency, the huge amount was used for the personal benefits of the promoters and their families.
10 arrests so far, investigation ongoing
ED has so far arrested 10 people in these cases. The agency has filed six chargesheets under the Prevention of Money Laundering Act (PMLA) and one chargesheet under the Foreign Exchange Management Act (FEMA). ED investigation in the matter is still going on.
Read also | Big action by CBI on Anil Ambani Group, raids at 15 places in Mumbai-Delhi
Source: ndtv.in
