The Enforcement Directorate (ED) has issued a provisional order to attach ‘Abode’, the ultra-luxurious 17-storey residence of Reliance Group Chairman Anil Ambani, valued at approximately ₹3,716 crore. The attachment, carried out under the Prevention of Money Laundering Act (PMLA), is part of an escalating investigation into alleged financial irregularities and bank fraud involving his defunct flagship firm, Reliance Communications (RCOM).
Located in the upscale Pali Hill neighbourhood of Mumbai, ‘Abode’ stands 66 metres high and is considered one of India’s most expensive private residences. According to official sources, the specific value of the attached property is pegged at ₹3,716.83 crore. This latest move brings the total value of assets seized or attached in the RCOM investigation to roughly ₹15,700 crore, marking a significant intensification of the federal probe into the debt-ridden group.
The 66-year-old industrialist is expected to appear before the ED for a second round of intensive questioning. Ambani had previously deposed before the agency in August 2025, during which his statement was recorded under the PMLA. The investigation focuses on the alleged diversion of loan funds obtained from a consortium of public sector banks, which were meant for RCOM’s operations but were purportedly funnelled through a web of shell companies and offshore entities.
This enforcement action comes as a major blow to the former billionaire, whose business empire has been embroiled in bankruptcy proceedings and legal battles with various creditors over the past few years. While Anil Ambani has previously denied any wrongdoing, stating that the group’s financial troubles were the result of systemic shifts in the telecom sector, the ED is currently scrutinizing whether personal assets were acquired using diverted funds.
