ED attaches Anil Ambani’s luxury Mumbai house ‘Abode’ in RCOM bank loan fraud case

The Enforcement Directorate (ED) has attached Reliance Group chairman Anil Ambani’s Mumbai house, ‘Abode’, in connection with an alleged bank fraud linked to Reliance Communications Ltd (RCOM) and its group entities.

According to multiple reports citing official sources, a provisional attachment order has been issued against the 66-metre-high, 17-storey luxury property in Mumbai’s Pali Hill area under the Prevention of Money Laundering Act (PMLA).

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The development comes days after the Supreme Court’s February 4 order, where a Bench headed by Chief Justice of India (CJI) Surya Kant expressed serious concern over the “unexplained delay” by the ED and the CBI in probing the alleged bank loan frauds involving public funds estimated at around Rs 40,000 crore.

The CJI Kant-led Bench had directed the ED to constitute a Special Investigation Team (SIT) of senior officers and asked both Central agencies to take the investigation to its “logical conclusion” in a time-bound manner, while making it clear that no coercive or harsh orders were being passed at that stage.

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Anil Ambani’s Supreme Court Affidavit

Following the court’s order, Anil Ambani filed a compliance affidavit before the Supreme Court, reiterating that he will not leave the country without the apex court’s prior permission in connection with the ongoing probe into alleged large-scale bank loan frauds linked to his group companies.

A PIL filed before the Supreme Court has sought a court-monitored probe into the allegations that more than Rs 1.50 lakh crore of debt of the Ambani-led RCOM group has been written off and that funds were siphoned off through multiple shell companies.

“By way of the present affidavit, I formally reiterate and place on record the said statement by virtue of the present affidavit as an undertaking before this Hon’ble Court,” Ambani stated. He further deposed on oath: “That I have not left India since July 2025, i.e., since the inception of the present investigations, and presently have no plan or intention to travel outside India.”

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Asserting that he is not a flight risk, the affidavit further stated: “In view of the above conduct, undertakings, and continued cooperation, it is evident that I am not a flight risk and have no intention, whatsoever, to evade the process of law.”

He claimed that his role in the group companies under scrutiny had been that of a Non-Executive Director only, and that he was not involved in the day-to-day management or operational affairs of the said companies.