Times of India | Money laundering case: ED attaches Mumbai flat, farmhouse of Anil Ambani

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The Enforcement Directorate (ED) has attached additional family assets of Anil Ambani and his Reliance group worth about ₹3,035 crore, including a flat in Mumbai’s Usha Kiran building, a farmhouse in Khandala (Pune), a land parcel in Sanand, Ahmedabad, and shares of Reliance Infrastructure Ltd held through a family trust, bringing total attachments in the ongoing money‑laundering case to roughly ₹20,000 crore. The agency says the properties were seized under the Prevention of Money‑Laundering Act to prevent asset dissipation and protect banks and the public, as Reliance Communications is alleged to have defaulted on over ₹40,000 crore of loans and siphoned public funds. ED clarified that the flat is registered in Anil Ambani’s name, the farmhouse is held by Luna Trust and his son Jai Anshul Ambani, and the Sanand land belongs to the Mudra Foundation for Communications Research and Education. The attached assets will be retained until due legal process determines legitimate claimants, with the aim of eventually recovering the money for victim banks and the public.

Read more: https://timesofindia.indiatimes.com/india/ed-attaches-mum-flat-farmhouse-of-anil-ambani/articleshow/130592851.cms

#AnilAmbani #EnforcementDirectorate #RelianceGroup #RelianceCommunications #KokilabenAmbani #JaiAnshulAmbani

After ED raids in a ₹3,000 crore fraud case, Reliance Group has hit back with a white paper claiming full compliance and historical resolution. While investigations continue, some analysts believe this might signal an eventual legal wrap-up.

But no official confirmation yet. What do you think—damage control or a step toward closure?

#AnilAmbani #EDProbe #YesBank #RelianceGroup #WhitePaperResponse #IndiaFinance

https://news24media.org/anil-ambanis-reliance-group-yes-bank-loan-probe/

Rafale Papers: how Indian tycoon sought help of Macron and finance minister over tax bill

As Indian Prime Minister Narendra Modi, who signed the deal, prepares to attend France’s Bastille Day celebrations as guest of honour, documents obtained by Mediapart reveal how Modi’s billionaire friend, Anil Ambani, boss of the Indian conglomerate Reliance Group, which was handed a lucrative contract as a condition of the Rafale sale, directly solicited the intervention of then economy minister Emmanuel Macron and finance minister Michel Sapin in a bid to escape a 151-million-euro tax claim against his French subsidiary. The tax adjustment was finally cut down to 6.6 million euros.

#RafaleScam #defence #BJP #ambani #AnilAmbani #NarendraModi #RelianceGroup #corruption #billionaires #CronyCapitalism #EmmanuelMacron #MichelSapin #modi #france #india

https://www.mediapart.fr/en/journal/international/120723/rafale-papers-how-indian-tycoon-sought-help-macron-and-finance-minister-over-tax-bill