NEW DELHI: Official sources confirmed that the Enforcement Directorate (ED) has added new assets valued at a few crores of rupee in relation to its money laundering investigation that is currently underway against Reliance Group chairman Anil Ambani and his firms, on Thursday.
It is one of several investigations being conducted under the Prevention of Money Laundering Act (PMLA) concerning claims of financial anomalies in the group. The same investigation had attached assets valued at Rs 7,500 crore to the ED before. The recent temporary attachment order provided by the agency is focused on property situated in different parts of the country, which further fueled the legal battle against Ambani and his business organizations.
Such resources are assumed to be connected with the money transactions of the companies belonging to Reliance Group. The decision by the ED is in light of ongoing investigation of the financial dealings of Ambani that have elicited an interest owing to the opium management of funds and allegations of financial malpractices in the business empire.
The ED will probably undertake further measures beyond recovery of the supposed illegal gains and the personnel involved liable as the investigation goes on. The case is perceived to be one of the high profile investigations in the current crackdown of money laundering and corporate fraud in India.
