Enforcement Directorate Freezes Anil Ambani's Luxury Mumbai Residence Amid Fraud Investigation

ED Takes Action Against Anil Ambani's Property

On Wednesday, the Enforcement Directorate announced the attachment of Anil Ambani's luxurious residence, 'Abode', located in Mumbai, valued at ₹3,716 crore, under anti-money laundering regulations. This action precedes Ambani's anticipated second questioning session with the agency regarding a case tied to alleged bank loan fraud involving Reliance Communications (RCOM).

The opulent 17-story structure, soaring 66 meters high, is situated in the upscale Pali Hill neighborhood of Mumbai. The ED issued a provisional order under the Prevention of Money Laundering Act (PMLA) to secure this property due to its connection with the alleged financial misconduct by RCOM.

According to the ED, the asset's worth is pegged at ₹3,716.83 crore. Notably, a portion of this property, valued at ₹473.17 crore, was previously attached by the agency in November 2025. RCOM and its affiliated companies reportedly owe a staggering ₹40,185 crore to both domestic and international lenders.

An email inquiry sent to the Reliance Group for comments on this matter went unanswered. The ED's provisional attachment order is designed to prevent the accused from selling or transferring assets during the investigation phase. If the PMLA Adjudicating Authority ratifies this order within 180 days, the ED can proceed to confiscate the property and mandate the residents to vacate.

Investigations revealed that the Pali Hill property was included in the RiseE Trust, a private family trust associated with Ambani's family members. The agency alleged that this maneuver was intended to obscure Anil Ambani's involvement, aiming to preserve wealth and generate resources while shielding the property from personal liabilities linked to loans he guaranteed for RCOM.

The ED emphasized that the property was meant for the beneficial use of the Ambani family rather than for the distressed public banks whose loans have turned into non-performing assets (NPAs). With this latest attachment, the cumulative value of assets frozen in this case has reached approximately ₹15,700 crore. Anil Ambani, aged 66, is set to appear before the agency for further questioning on Thursday, having first provided his testimony in August 2025 under the PMLA. The agency has recently formed a special investigation team to delve into various alleged bank fraud cases and related financial irregularities involving the Anil Dhirubhai Ambani Group (ADAG), following directives from the Supreme Court.