ED Attaches Anil Ambani’s ‘Abode’ in Mumbai Worth ₹3,716 Crore in PMLA Case

NEW DELHI: The Enforcement Directorate (ED) has attached Reliance Group chairman Anil Ambani's luxury property, 'Abode', located in Mumbai, worth ₹3,716 crore under the Prevention of Money Laundering Act (PMLA). This move comes a day before Ambani's likely appearance before the federal probe agency for his second round of questioning in a case linked to the alleged bank loan fraud involving Reliance Communications (RCOM).

The luxurious house, which stands 66 metres tall with 17 floors, is situated in the prestigious Pali Hill area of Mumbai. A provisional order has been issued under the PMLA to attach the multi-storeyed house in the case linked to the alleged bank fraud by Ambani's group company RCOM, the federal probe agency stated in a press release.

The value of the attached asset is ₹3,716.83 crore. Notably, a part of this property, worth ₹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 ₹40,185 crore, according to 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.

The probe found that the Pali Hill property (Abode) was aggregated into the RiseE Trust, a private family trust of the members of Ambani's family. The agency claimed that 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 aggregating the property in the RiseE Trust and shielding 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 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 ₹15,700 crore. Ambani, 66, is expected to appear before the federal probe agency 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.