The Enforcement Directorate has attached Reliance Group chairman Anil Ambani's Mumbai residence 'Abode' worth Rs 3716.83 crore in connection with a money laundering case linked to an alleged bank fraud by his Reliance Communications.
The house located in Pali Hill, Mumbai, is 66-metre high and has 17 floors. Earlier, a part of the same property was attached to the extent of Rs 473.17 crore. After the latest action, the cumulative attachment of properties in the group now amounts to more than Rs 15,700 crore, according to the ED.
ED said Reliance Communications and its group companies availed loans from banks in India and abroad, out of which Rs 40,185 crore is outstanding.
Anil has been summoned by the Directorate of Enforcement to appear on Thursday and undertook to appear and join the investigation on the said date.
This comes less than a week after Anil filed an undertaking in the Supreme Court that he was not a flight risk and has no intention to evade the process of law.
He assured the top court fully cooperate with agencies' probe into the alleged Rs 40,000 crore banking and corporate fraud involving the Anil Dhirubhai Ambani Group (ADAG).
On February 4, the Supreme Court voiced its displeasure over the "unexplained delay" in investigations and directed the CBI and the ED to conduct a fair, prompt and dispassionate probe into alleged fraud.