ED attaches assets worth ₹1,021 cr in Reliance case
after close1 source ↓written by the desknot a recommendation
- from the Reliance
- ₹1,021 crore
- of public funds
- ₹15,548 crore
The Enforcement Directorate (ED) has attached assets worth ₹1,021 crore from the Reliance Anil Ambani Group as part of a money laundering investigation. This includes equity shares of Reliance Power and loans receivable from Sasan Power. The probe follows allegations of ₹15,548 crore of public funds being diverted through shell companies.
This development may impact market sentiment towards the group as the ED continues its investigation under multiple FIRs related to money laundering.
Not investment advice. For informational purposes only.