The Enforcement Directorate (ED) has provisionally attached Reliance Group chairman Anil Ambani’s luxury Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under the Prevention of Money Laundering Act (PMLA). The attachment comes in connection with the ongoing probe into alleged bank loan fraud by Reliance Communications (RCom) and its associate companies, which together have an outstanding debt of more than ₹40,000 crore.
According to a statement issued by the federal agency, the property is located in Mumbai’s upscale Pali Hill area. The 17-storey residence, rising 66 metres tall, serves as the personal home of Anil Ambani, the younger brother of Reliance Industries chairman Mukesh Ambani. The ED’s provisional order prevents the sale, transfer, or any other transaction involving the property for now. Once confirmed by the PMLA Adjudicating Authority within 180 days, the property can be formally confiscated.
The ED pointed out that part of the same property, valued at ₹473 crore, had already been attached in November 2025 as part of the same investigation. With the latest order, the total attachment value in the case now stands at approximately ₹15,700 crore. The agency said the attachment is aimed at preventing Ambani and associated entities from alienating these assets while the money laundering probe continues.
The agency stated that RCom and its group companies availed loans from multiple domestic and foreign banks, which now total more than ₹40,185 crore in unpaid dues. Many of these loans reportedly turned into non-performing assets (NPAs), prompting lenders to file complaints and triggering scrutiny by the ED and the Central Bureau of Investigation (CBI).
Investigations revealed that the “Abode” property was consolidated under the “Rise Trust,” a private family trust of the Ambani family. According to the ED, this restructuring was strategically carried out to create the appearance that Anil Ambani was not personally linked to the property, thereby shielding it from liabilities associated with personal guarantees he extended to securing financial support for RCom.
The agency claimed that the real intention behind forming the trust and transferring ownership was “wealth preservation” for the Ambani family rather than repayment of defaulted loans to public sector banks. It added that while the property is held under the name of a trust, the beneficial ownership and usage continue to rest with the Ambani family, making it subject to investigation under the anti-money laundering law.
Anil Ambani, who is 66 years old, is scheduled to appear before the ED in Mumbai for a second round of questioning on Thursday. He was earlier interrogated in August 2025, when his statement was recorded under PMLA provisions. The ED recently set up a Special Investigation Team (SIT) to expedite multiple probes related to alleged bank frauds and financial irregularities linked to the Anil Dhirubhai Ambani Group (ADAG). The SIT formation followed directions from the Supreme Court seeking faster resolution of long-pending corporate fraud investigations.
The property, often regarded as one of Mumbai’s most luxurious private residences, adds a high-profile dimension to the case. Located in one of the city’s most expensive neighbourhoods, the house features modern architecture, a private theatre, and extensive high-end amenities comparable to any billionaire residence across the world. Its attachment marks one of the largest single-asset actions taken by the ED under PMLA in recent months.
Officials indicated that the attachment is provisional and subject to verification by the Adjudicating Authority. If confirmed, the ED can initiate steps to take full possession of the property and, depending on legal proceedings, residents may later be required to vacate it. Such orders typically aim to secure assets suspected to have been obtained or held using proceeds of crime.
The agency’s action also highlights India’s tightening enforcement of corporate accountability laws. Over the past year, the ED has intensified investigations into non-performing loans and alleged frauds involving several major industrial groups. Anil Ambani’s case, due to the scale of financial exposure and his family background, has drawn significant public and legal attention.
Though the media sought comments from the Reliance Group regarding the recent attachment order, no response was received until the time of filing this report. Meanwhile, sources suggested that Ambani’s legal team might challenge the provisional attachment before the PMLA authority, asserting that the property was legally owned and not linked to any proceeds of illegal activity.
The case continues to unfold as Ambani faces another round of questioning, underscoring how India’s corporate fraud investigations are tightening around high-value assets and family trusts associated with defaulting companies.
