Overview
- ED provisionally attached Ambani’s 17‑storey Pali Hill residence ‘Abode’ for Rs 3,716.83 crore under PMLA, taking cumulative attachments linked to the group to about Rs 15,700 crore pending adjudication.
- Ambani appeared before the ED on February 26 for over nine hours of questioning under PMLA and was called again for a separate Yes Bank–linked case, while a February 27 report said he skipped a subsequent summon.
- CBI registered a new FIR based on a Bank of Baroda complaint alleging diversion and misuse of loans causing a loss of over Rs 2,220 crore, then searched Ambani’s residence and RCom offices and recovered documents.
- Investigators cite total outstanding exposure of about Rs 40,185 crore and allege ‘Abode’ was moved into the RiseE family trust to shield the asset from personal guarantees tied to bank loans.
- A Bombay High Court order lifted a stay that had blocked banks’ fraud classification efforts, clearing the way for Bank of Baroda’s complaint as multi‑agency probes continue under recent Supreme Court‑mandated scrutiny.