Enforcement Directorate (ED) provisionally attached the Pali Hill residential property worth ₹3,716.83 crore linked to businessman Anil Ambani in connection with the alleged Reliance Communications Limited (RCom) bank fraud case on Wednesday (February 25, 2026). The cumulative value of the attachment with respect to the group now stands at over ₹15,700 crore.
Earlier, a part of the Mumbai property named ‘Abode’, worth ₹473.17 crore, had been attached by the agency. The ED probe is based on a First Information Report registered by the Central Bureau of Investigation against RCom, Mr. Ambani and others. As alleged, RCom and its group companies had taken loans from domestic and foreign lenders, of which a total amount of ₹40,185 crore is outstanding.
“ED investigation has revealed that among other assets, the Pali Hill property was aggregated into the RiseE Trust – a private family Trust of the members of Mr. Anil Ambani’s family. This was done to make it appear as though Mr. Anil Ambani is not involved,” said the ED on Wednesday (February 25, 2026).
According to the agency, the intended effect of the corporate restructuring was to ensure wealth preservation and resource generation by aggregation of the property in the RiseE trust and shield it from the personal liabilities of Mr. Ambani in the form of personal guarantees extended by him to lender banks against the loans sanctioned to RCom.
“The property was intended to be beneficially used and owned by the Anil Ambani family and not for the distressed public banks whose loans turned NPA (non-performing asset),” it said.