Property worth ₹3,716.83 crore attached

According to the agency’s official statement, the Pali Hill residence has been attached under provisions of the Prevention of Money Laundering Act (PMLA). The property has been valued at ₹3,716.83 crore, making it one of the highest-value individual residential attachments in recent enforcement actions.

This is not the first attachment linked to the same asset. Earlier, a portion of the property valued at ₹473.17 crore had already been attached. With this latest move, cumulative attachments in the broader RCOM group investigation have now crossed ₹15,700 crore.

Case background: Loans, guarantees, and alleged diversion

The ED investigation stems from an FIR registered by the Central Bureau of Investigation (CBI) against RCOM, Anil Ambani and others under multiple sections of the Indian Penal Code and the Prevention of Corruption Act.

Investigators allege that RCOM and its group entities collectively availed loans from domestic and international lenders, leaving ₹40,185 crore outstanding. The probe is examining suspected financial irregularities, diversion of funds, and alleged conspiracy linked to these borrowings.

Trust structure under scrutiny

The ED claims its probe found that the Pali Hill property was consolidated into RiseE Trust, described as a private family trust of Ambani family members.

According to investigators, this restructuring was designed to create the appearance that the asset was no longer directly owned or controlled by Anil Ambani personally. The agency alleges that this arrangement may have been intended to:

• Preserve family wealth
• Generate resources through asset consolidation
• Shield the property from personal liability linked to guarantees issued to lender banks

The ED contends that although structured under a trust, the beneficial ownership and intended use remained with the family rather than lenders whose loans later turned non-performing assets (NPAs).

Why this attachment matters

The action signals a tightening enforcement stance on high-value assets allegedly linked to financial misconduct. Under PMLA provisions, provisional attachment prevents transfer, sale, or disposal of the property until adjudication is complete.

Officials stated that the agency’s objective is to protect public funds and maintain financial system integrity by identifying assets suspected to be involved in money laundering or diversion of loan proceeds.

What happens next

The provisional attachment is subject to confirmation by the adjudicating authority under PMLA. If upheld, the asset can eventually be confiscated following trial proceedings, depending on the outcome of the case.

The development marks a significant step in one of India’s largest ongoing financial investigations involving corporate borrowing, personal guarantees, and asset restructuring structures.

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

The post ED Attaches Anil Ambani’s ₹3,716 Cr Pali Hill Home ‘Abode’ in RCOM Bank Fraud Probe Case appeared first on Square Feat India.

The Directorate of Enforcement (ED) has provisionally attached eight immovable properties valued at ₹67.03 crore, allegedly beneficially owned and controlled by the banned organisation Popular Front of India (PFI). The attached properties are registered in the names of various trusts and the political front of PFI — the Social Democratic Party of India (SDPI).

This attachment adds to earlier seizures worth ₹61.98 crore, taking the total value of attached assets to ₹129 crore in the ongoing money laundering probe under the Prevention of Money Laundering Act (PMLA), 2002.

Background of the Case

The ED initiated its investigation based on FIRs registered by the National Investigation Agency (NIA) and other law enforcement agencies against PFI and its affiliates.
Investigations revealed that PFI leaders and members raised and collected funds from within India and abroad — through banking channels, hawala, and donations — allegedly for financing terrorist activities across India.

The probe further found that SDPI acted as the political front of PFI, with PFI exercising full control over its finances, election strategy, public programs, and cadre mobilisation. Expenditure records maintained by PFI for SDPI were found in secret ledgers, rather than in official bank statements, indicating deliberate concealment.

Funds were reportedly collected from Gulf countries and local donors under the guise of relief and social work, but were allegedly diverted for activities aimed at disrupting India’s secular fabric and promoting extremist objectives.

Details of Attached Properties

ED’s latest attachment order dated November 6, 2025, covers eight properties across Kerala, registered in the names of the following entities:

Findings from ED Searches

During previous searches, the ED seized detailed property records and financial ledgers maintained by PFI, indicating systematic ownership and management of assets. Key findings include:

• Properties registered under the names of different trusts and individuals linked to PFI.
• Organised accounting and auditing practices for these assets, despite concealment of true ownership.
• Detailed documentation of property locations, survey numbers, sale deed values, and market valuations.
• Physical Education (PE) training sheds constructed on some properties, such as Valluvanad House (Pattambi) and Malabar House (Haritham Foundation).

According to the ED, these sites were allegedly used to conduct offensive and defensive training sessions, teaching manoeuvres with arms under the guise of “PE classes,” as part of a broader jihadi mobilisation effort.

Arrests and Prosecution

So far, the ED has arrested 28 leaders and members of PFI, including:

• MK Faizy, National President of SDPI
• Senior PFI office bearers from national and state executive councils
• Physical Education coordinators and trainers accused of providing weapons training

Multiple prosecution complaints have been filed before competent courts. The ED has so far quantified the proceeds of crime at ₹131 crore.

PFI’s Origins and Organisational Links

Investigations also established that several PFI ideologues were former members of the banned Students Islamic Movement of India (SIMI) — the student wing of Jamaat-e-Islami.
After the 1992 Babri Masjid demolition and subsequent ban on Jamaat-e-Islami, senior PFI members from the National Development Front (NDF) allegedly created a network of trusts across Kerala to hold and control properties in PFI’s name.

Next Steps

The ED stated that its investigation into the money trail, property ownership, and foreign funding links of PFI and SDPI is ongoing. The agency affirmed its commitment to dismantling the financial infrastructure of organisations engaged in terror financing or activities against the unity and integrity of India.

Total Attachments So Far: ₹129 crore (movable & immovable)
Current Attachment (November 2025): ₹67.03 crore (8 properties)
Proceeds of Crime Identified: ₹131 crore
Arrests Made: 28 PFI–SDPI leaders and members

Also Read: ED Attaches Assets Worth ₹307 Crore Linked to Illegal Betting App ‘Fairplay’

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