Anil Ambani’s ₹3,716 Crore Mumbai Home ‘Abode’ Attached by ED in RCom Fraud Case

Anil Ambani’s Mumbai Residence ‘Abode’ Attached in Rs 3,716 Crore Money Laundering Probe

The Enforcement Directorate (ED) has attached the Mumbai residence of Reliance Group chairman Anil Ambani, known as ‘Abode,’ valued at Rs 3,716.83 crore, as part of a money laundering investigation linked to alleged bank fraud at Reliance Communications (RCOM). The action was taken on Wednesday, February 25, 2026, according to official sources.

Located in the upscale Pali Hill area of Mumbai, the 66-meter-high, 17-story luxury tower is now subject to a provisional attachment order issued under the Prevention of Money Laundering Act (PMLA). The ED alleges the property is connected to proceeds derived from fraudulent banking transactions involving RCOM.

With this latest attachment, the total value of assets seized in connection with the case has reached approximately Rs 15,700 crore. The ED has been intensifying its scrutiny of the financial dealings of the Reliance Anil Dhirubhai Ambani Group.

Ambani, 66, is anticipated to be questioned again by the federal probe agency in the near future. He previously appeared before the ED in August 2025, where his statement was recorded under the PMLA.

The case stems from allegations that public funds raised through Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) were diverted and laundered through transactions involving entities linked to the Anil Ambani Group. The ED initiated its investigation following concerns raised about investments made by Yes Bank in RHFL and RCFL, which later turned into non-performing assets.

Yes Bank invested Rs 2,965 crore in RHFL instruments and Rs 2,045 crore in RCFL instruments between 2017 and 2019. By December 2019, these investments had become non-performing, with outstanding amounts of Rs 1,353.50 crore for RHFL and Rs 1,984 crore for RCFL.

Earlier, in December 2025, the ED attached assets worth ₹1,120 crore in connection with the Reliance Home Finance case, bringing the cumulative attachment in Reliance Anil Ambani Group cases to ₹10,117 crore. These assets included properties of Reliance Infrastructure Limited, Reliance Power Limited and Reliance Value Service Private Limited, along with fixed deposits and shareholdings.

In November 2025, the ED had attached over 40 properties belonging to Anil Ambani, worth Rs 3,084 crore, in connection with the same money laundering probe. These assets included the Reliance Centre in New Delhi and various residential, commercial, and land assets spread across multiple cities including Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, and Chennai.

The ED’s investigation also revealed that direct investment by Reliance Nippon Mutual Fund into Anil Ambani Group’s financial companies was prohibited under the Securities and Exchange Board of India’s (SEBI) conflict-of-interest norms.