ED attaches Anil Ambani's ‘Abode’ worth over Rs 3,700 cr at Pali Hill
Times of India
by PRADEEP THAKURFebruary 25, 2026
AI-Generated Deep Dive Summary
The Enforcement Directorate (ED) has provisionally attached Anil Ambani's luxury Mumbai residence, 'Abode,' valued at over Rs 3,700 crore under the Prevention of Money Laundering Act (PMLA). This high-profile seizure is part of an ongoing investigation into money laundering involving Reliance Communications Ltd. (RCOM), which has left a trail of unpaid loans worth Rs 40,185 crore from domestic and foreign banks. With this attachment, the total assets seized from Ambani and his group entities now exceed Rs 15,700 crore. The ED's action underscores its commitment to safeguarding public funds by targeting illicit financial activities tied to influential figures in India's corporate sector.
The investigation reveals that 'Abode' was aggregated into the RiseE Trust, a private family trust established to shield Anil Ambani and his family from personal liabilities linked to RCOM's loans. This move aimed to obscure Ambani's involvement by making it appear as though he had no direct ownership of the property. The ED alleges that this corporate restructuring was designed to protect the family's wealth while allowing Ambani to extend personal guarantees to lender banks, ensuring the property remained insulated from potential claims by public banks whose loans had turned non-performing assets (NPAs). Ambani and his associates have been summoned twice but failed to appear before the agency.
This case highlights the broader implications of financial misconduct in India's corporate landscape. The ED's aggressive approach in attaching high-value assets demonstrates a growing focus on holding influential individuals accountable for alleged money laundering and fraudulent activities. For global readers, this underscores the importance of robust financial regulations and the ongoing challenges faced by developing economies in curbing systemic corruption and ensuring corporate accountability.
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Originally published on Times of India on 2/25/2026