ED attaches assets worth Rs 510 crore in Anil Ambani Group cases

Business · First reported 3 Nov, 14:33 · Updated 15:10

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The Enforcement Directorate says it has provisionally attached assets worth Rs 510 crore in investigations involving Reliance Communications, Reliance Home Finance and Reliance Commercial Finance. The listed assets include aircraft, land, an office, windmills and financial holdings.

The ED says its latest action covers assets valued at Rs 510 crore in cases involving three Reliance Anil Ambani Group companies.
The assets listed include two aircraft, six land parcels and an office in Maharashtra, as well as two windmills in Tamil Nadu and financial holdings.
The ED alleges fund diversion and says it has arrested 10 people and filed six chargesheets; it puts the total value of assets attached and seized in the cases at Rs 23,100 crore.

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Key facts

Value of latest action: Rs 510 crore
Companies named: Reliance Home Finance Ltd, Reliance Commercial Finance Ltd and Reliance Communications Ltd
Assets listed: Two aircraft, six land parcels, an office premises, two windmills and financial holdings
Total assets attached and seized in the cases: Rs 23,100 crore, according to the ED
ED-reported enforcement steps: 10 arrests and six chargesheets