Browsing Tag

bank fraud India

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ED attaches Anil Ambani’s Pali Hill home worth ₹3,716 crore in RCOM probe; total attached assets exceed ₹15,700 crore.

ED Attaches ₹1,885 Crore Assets of Anil Ambani Group, Total Seizures Cross ₹12,000 Crore in Bank Fraud Cases

The ED has provisionally attached assets worth ₹1,885 crore of Anil Ambani Group entities in multiple bank fraud cases, pushing total group-level attachments beyond ₹12,000 crore as investigations intensify.
In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family's Pali Hill home in Mumbai.

ED Tightens Noose on Anil Ambani Group: Assets Worth ₹1,120 Crore Attached, Total Seizures Cross ₹10,117 Crore

The ED has attached properties worth ₹1,120 crore belonging to the Reliance Anil Ambani Group in the Yes Bank–Reliance Finance fraud probe, pushing cumulative attachments to ₹10,117 crore. The assets include major Mumbai real estate, Chennai plots, Panvel flats, and large financial holdings tied to multiple group entities.
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

SBI Loses ₹1,266 Crore: ED Attaches Dubai Properties Gifted by Fraud Accused to Daughter

The ED has attached nine Dubai properties worth ₹51.70 crore linked to Shrikant Bhasi, accused in the ₹1,266-crore SBI fraud. Investigators found the assets were purchased using laundered funds and later gifted to his daughter to conceal ownership.