The Enforcement Directorate (ED) has slapped a provisional attachment order on Reliance Group chairman Anil Ambani’s opulent Mumbai residence, ‘Abode’, valued at a staggering Rs 3,716.83 crore, under the Prevention of Money Laundering Act (PMLA). Located in the upscale Pali Hill area, this 66-meter-high, 17-storey luxury tower now joins a growing list of seized assets in a probe tied to alleged bank fraud at Ambani’s group firm, Reliance Communications (RCOM). Official sources confirmed the Wednesday (February 25) move, pushing the total attachments in this case to around Rs 15,700 crore.
A symbol of wealth under scrutiny
‘Abode’ stands as a towering emblem of extravagance in one of Mumbai’s poshest enclaves, but it’s now frozen amid ED’s anti-money laundering drive. The agency alleges the property links to proceeds from RCOM’s fraudulent banking dealings, marking a significant escalation in their investigation into financial irregularities at the telecom company.
Anil Ambani faces renewed questioning
At 66, Anil Ambani is slated for a second grilling by the ED soon, following his initial appearance and statement recorded under PMLA in August 2025. This comes as the federal agency deepens its probe, with the attachment signalling intensified efforts to recover laundered funds from the RCOM saga.
