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“ED Seizes Anil Ambani Assets: Rs 1400 Cr Added”

The Enforcement Directorate has initiated a new provisional attachment of assets related to Anil Ambani and entities within his Reliance Group, injecting an additional Rs 1400 crore into its ongoing investigation into money laundering, according to official sources. This latest action brings the total worth of attached assets in the case to approximately Rs 9000 crore. The attachment, carried out under the Prevention of Money Laundering Act (PMLA), encompasses properties situated in Navi Mumbai, Chennai, Pune, and Bhubaneswar, as revealed by sources. Previously, assets valued at Rs 7500 crore were attached by the agency as part of the same inquiry focusing on alleged financial irregularities involving Ambani-led group companies. The investigation is still in progress, with the ED anticipated to disclose further specifics regarding the assets and their connection to the scrutinized transactions.

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