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Luxury Condo Seized in Anil Ambani's Money-Laundering Probe

2/27/2026

Summary

Story summary

The Enforcement Directorate seized a 17-storey luxury condominium named "Abode" valued at about US$410 million, owned by Anil Ambani, the industrialist, as part of a money-laundering investigation into alleged bank fraud linked to Reliance Communications.
The inquiry covers Ambani's financial dealings totaling more than INR40,185 crore in outstanding loans and follows an FIR filed by the Central Bureau of Investigation.
The property was transferred into a family trust to shield Ambani's liabilities.
The total assets attached in the case now exceed INR15,700 crore.

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Story summary

The Enforcement Directorate seized a 17-storey luxury condominium named "Abode" valued at about US$410 million, owned by Anil Ambani, the industrialist, as part of a money-laundering investigation into alleged bank fraud linked to Reliance Communications.
The inquiry covers Ambani's financial dealings totaling more than INR40,185 crore in outstanding loans and follows an FIR filed by the Central Bureau of Investigation.
The property was transferred into a family trust to shield Ambani's liabilities.
The total assets attached in the case now exceed INR15,700 crore.