NEW DELHI: The Enforcement Directorate (ED) has provisionally attached over 132 acres of land worth Rs 4, 462.81 crore in Dhirubhai Ambani Knowledge City at Navi Mumbai in Maharashtra, under the provisions of the Prevention of Money Laundering Act, according to a statement issued by the investigative agency on Monday.
ED had earlier attached 42 properties worth over Rs 3, 083 crore in the bank fraud cases of Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd.
“The total attachment in these cases stands at over Rs 7, 545 crores. ED is actively pursuing perpetrators of financial crime and is committed to restituting the proceeds of crime to their rightful claimants, ” the statement said.
ED had initiated an investigation based on CBI’s FIR under sections 120-B, 406 and 420 of the Indian Penal Code, 1860 and section 13(2) read with section 13(1)(d) of the Prevention of Corruption Act, 1989, against RCOM, Anil Ambani, and others.
RCOM and its group companies availed loans from domestic and foreign lenders from the period of 2010-2012 onwards, of which a total amount of Rs 40, 185 crore is outstanding. Five banks have declared the loan accounts of the Group as fraud, the statement said.