The Enforcement Directorate (ED) has just provisionally attached Anil Ambani’s lavish Mumbai accommodation, famously known as ‘Abode’, valued at Rs 3,716.83 crore. This move comes under the Prevention of Money Laundering Act (PMLA) and is bind to an ongoing probe into alleged bank frauds linked to his Reliance Communications (RCOM) days.
A stunning 17-storey luxury tower, standing about 66 metres tall in the super-posh Pali Hill area of Mumbai—one of the most individual neighbourhood’s in the city. Sources say the ED slapped this attachment order to prevent any transfer or sale of the property while their investigation continues. Interestingly, a portion of it—worth around Rs 473 crore—was already attached back in November 2025, so this latest step basically covers the full asset.
The case traces back to alleged irregularities and fraud at Reliance Communications, where banks reportedly lost big money on loans that went bad. The ED’s investigation, sparked by CBI inputs, has been building for a while. They’ve filed multiple Enforcement Case Information Reports (ECIRs)—three so far—against numerous Reliance Group companies. Anil Ambani himself is no peculiar to these summons; he’s expected to materialize before the agency again soon for another round of questioning, having already deposed once in 2025.
With this attachment, the total value of assets seized from the Reliance Anil Ambani Group in related probes has climbed significantly—some reports put it at around Rs 15,700 crore now, though earlier figures hovered near Rs 12,000 crore before this move. That includes everything from bank balances and shares to other properties and investments the agency has frozen over time to recover what they call diverted public funds.
It’s a tough chapter for the younger Ambani brother, who’s seen his empire shrink dramatically in recent years—from telecom giants to power and infrastructure ventures facing massive debts and restructurings. This isn’t just about one property; it signals how aggressively agencies are pursuing recovery in high-profile corporate fraud cases.
The final word could come from the PMLA authorities, who have to confirm or vacate such orders within set timelines. Ambani and his group have always maintained that they’re cooperating fully and that many of these issues stem from broader economic challenges in sectors like telecom.
For now, though, ‘Abode’ joins a growing list of high-value assets caught in the ED’s net. It’s a crisp reminder of how quickly coincidence can convey in the world of big business and regulatory scrutiny.
Sources:
NDTV
India Today
The Tribune
The New Indian Express
Financial Express
PTI reports
