ED attaches ₹30.8 billion in Reliance Ambani group assets
market hours1 source ↓written by the desknot a recommendation
- worth of properties
- ₹30.8 billion
- across multiple cities
- 42 properties
- including
- 30 owned by Reliance Infrastructure
The Directorate of Enforcement (ED) has provisionally attached ₹30.8 billion worth of properties linked to the Reliance Anil Ambani Group amid a fraud investigation under the Prevention of Money Laundering Act. Over 42 properties across multiple cities, including 30 owned by Reliance Infrastructure, are affected.
This action raises concerns for traders as it may impact the group's financial stability and investor sentiment in the sector. The ongoing investigation could lead to further scrutiny of Reliance Communications and its affiliates.
Not investment advice. For informational purposes only.