The troubles of Anil Ambani, one of the biggest industrialists of the country, seem to be increasing. Taking major action in the money laundering case, the Enforcement Directorate (ED) has attached his luxurious house ‘Abode’ in Mumbai. According to officials, the estimated value of this property is Rs 3716.83 crore.

Big action by ED
This action has been taken under the anti-money laundering law. According to news agency PTI, ED has issued a temporary attachment order in this regard. According to agency sources, this order was issued recently. This case is related to the alleged bank fraud case related to Anil Ambani’s company Reliance Communication (RCom). ED is investigating this case under the Prevention of Money Laundering Act (PMLA).

Abode is situated in Pali Hill
This luxurious building named ‘Abode’ is located in Pali Hill area of ​​Mumbai. This is a 66 meter high and 17 storey building, which is counted among the expensive private properties of the country. According to ED, the total attachment action taken so far against Anil Ambani and his group companies has been more than Rs 15,000 crore.

Investigation intensified after Supreme Court’s instructions
Earlier this month, the Supreme Court had directed the ED to set up a Special Investigation Team (SIT) to probe allegations of large-scale bank fraud against Reliance Communications, its parent companies and Reliance Group Chairman Anil Ambani.

Anil Ambani will not leave the country
According to media reports, the Supreme Court also mentioned the assurance of Ambani’s lawyer Mukul Rohatgi, in which he had said that his client will not leave the country and no obstruction will be allowed in the investigation.

Ambani will appear before ED again
66-year-old Anil Ambani is likely to be interrogated for the second time by the Central Investigation Agency. Earlier, he had appeared before the ED in August 2025, where his statement was recorded under PMLA. The Supreme Court has also entrusted the responsibility to the Central Bureau of Investigation (CBI) to find out whether any bank official was complicit in the alleged fraud.

Displeasure over the slowness of investigating agencies
The Supreme Court also commented that the pace of investigation by both the agencies has been slow. The court has now expressed hope for a fair investigation and has directed CBI and ED to inform the court from time to time about the progress of the investigation.

Focus on loan worth Rs 40,000 crore

ED had started investigation in this case after the CBI FIR last year. In the FIR, allegations of fraud, conspiracy and corruption were made against Anil Ambani, RCom and others. The focus of the investigation is RCom and its associate companies, which had taken loans of more than Rs 40,000 crore from Indian and foreign banks between 2010 and 2012. Five of these accounts were later declared fraudulent by the lending banks.

Anil ambani: Anil Ambani’s difficulties are constantly increasing. After State Bank of India (SBI) and Bank of India (BOI), now Bank of Baroda (BOB) has described Reliance Communications (RCom) and Anil Ambani’s account as fraud. It has already increased the problem for the company passing through the insolvency process.

Anil Ambani refuses allegations

In the information given to the exchange on Thursday, the company said that Bank of Baroda has called Reliance Communications Limited (RCom) and its first director Anil Ambani’s loan account as fraud. Anil Ambani has categorically denied these allegations against him. At the same time, he has also talked about taking legal advice and taking necessary steps in the coming time.

He resigned from the RCom Board in 2019 after assuming the responsibility of the company’s non-executive director since 2006. Anil Ambani also claims that he has no role in the company’s daily functioning. In one of his official statement, he has spoken of targeting him.

He said, everyone knows that RCom has a consortium of 14 banks. After spending more time for 10 years without any mistake, some banks have now decided to initiate proceedings to target them.

Company is already facing trouble

Let us know that RCom is passing through the Corporate Insolvency Resolution Process (CIRP) these days under the Insolvency and Bankruptcy Code, 2016. The committee of credors has given approval to the plan of its resolution. The case has been filed in the National Company Law Tribunal (NCLT) in Mumbai and the approval is still awaited. Earlier in the months of June and August, State Bank of India and Bank of India described RCom’s loan account as fraud.

Also read:

After SBI, now Bank of India has considered Anil Ambani’s loan account as fraud, RCom is related to RCom

Rom loan fraud: Industrialist Anil Ambani’s bankrupt company Reliance Communications has been described as a fraud by SBI. Giving information about this in a letter filed in the stock exchange, SBI said that RCom wrongly transferred the approved loan money to other companies. Due to which it has misused the invoices related to inter company transactions and sales.

Anil Ambani’s lawyer reply to SBI

Anil Ambani’s lawyer has written a letter to SBI, strongly opposing Reliance Communications for calling the loan account a fraud. The letter written on 2 July 2025 states that this move of SBI has also violated the guidelines of RBI and court directions.

In a information sent by Reliance Communications to the stock market on Wednesday, he said that SBI is classifying his loan account as fraud, citing alleged sending money to another place in a 2016 case. Anil Ambani’s lawyer said that SBI’s order to call RCom’s loan account a fraud is shocking and unilateral and also violates the principles of Natural Justice.

RBI guidelines violation

Anil Ambani’s lawyer said that the SBI order is a direct violation of the RBI guidelines with various decisions of the Supreme Court and the Mumbai High Court. In the letter, Anil Ambani’s lawyer further said that SBI has not responded to Ambani’s communication about the invalid of show cause notice for about a year. Along with this, the lawyer said that SBI has not even given an opportunity for personal hearing to Ambani to present arguments against his allegations. He said that Ambani is taking forward the matter as per legal advice.

It is worth noting that before SBI, Canara Bank had also argued the Lone Account of RCom as a fraud account. In this, he had sent the reason for sending loan money to connected parties and inter company transactions.

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