New Delhi, Nov. 3 -- The Enforcement Directorate (ED) has attached new assets worth around Rs 510 crore in its money laundering probe against the Reliance Anil Ambani Group. This takes the total value of properties attached/seized by the agency against the group in various cases to Rs 23,100 crore.
The latest seizure includes attaching assets worth Rs 263.05 crore in the Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) bank fraud cases. Another Rs 247.12 crore worth of assets have been attached in the Reliance Communications Limited (RCOM) bank fraud case.
In the RCOM case, two chartered planes, six pieces of land and an office were attached. In the RHFL and RCFL cases, two windmills were attached in Tamil Nadu in addition to bank balances, fixed deposits, investments and receivables.
This latest attachment brings the total value of assets attached / seized by the agency to around Rs 23,100 crore. The total attachment shows that the probe by the agency is widening.
The ED started the PMLA probe following a number of FIRs registered by the CBI in Delhi and the Economic Offences Wings in Delhi and Mumbai. The probe involves Reliance Communications, Reliance Home Finance, Reliance Commercial Finance, Reliance Infrastructure, Reliance Power and Reliance Capital.
During the investigations, the agency has found that public monies had been diverted from banks and financial institutions.
Published by HT Digital Content Services with permission from Millennium Post.