According to ED sources, Tina Ambani will soon be issued fresh summons and called for questioning again. Tina Ambani, 68, also a former actress, was called for questioning in connection with a suspicious money trail linked to the purchase of a luxury condominium in Manhattan, New York.
SIT formed to investigate bank fraud related to ADGA
The agency has recently constituted a Special Investigation Team (SIT) on the directions of the Supreme Court to investigate the alleged bank fraud and related financial irregularities linked to Anil Dhirubhai Ambani Group (ADAG).
Properties worth Rs 1,885 crore have been attached
- Earlier, the ED had temporarily attached assets worth about Rs 1,885 crore of group entities in cases related to Reliance Home Finance Limited, Reliance Commercial Finance Limited, Reliance Communications Limited and Yes Bank.
- The attachment was done through four separate temporary orders under the Prevention of Money Laundering Act (PMLA), which include bank balances, outstanding liabilities, unlisted shares and immovable properties.
- The major assets attached include stake in Reliance Infrastructure Ltd, BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Mumbai Metro One Pvt Ltd.
- Besides this, HD has also attached bank balances of Rs 148 crore and receivables of Rs 143 crore of Value Corp Finance and Securities Ltd, a residential property belonging to Angrai Sethuraman and shares and mutual funds of senior employee Puneet Garg.
The total confiscation figure has reached around Rs 12,00 crore.
According to the ED, assets worth about Rs 10,117 crore had already been attached in related cases. With the latest action, the total attachment figure against the group has reached around Rs 12,000 crore.
What is the agency’s allegation against the group?
The agency alleges that several group companies, including RCOM, RHFL, RCFL, Reliance Infrastructure and Reliance Power, allegedly misused huge sums of public money. According to ED, RHFL and RCFL together had received public funds worth more than Rs 11,000 crore, the investigation of which is ongoing.
