The Enforcement Directorate (ED) of India has launched a significant operation against Anil Ambani, the chairman of Reliance Group, by provisionally attaching a luxury 17-story residence in Mumbai named 'Abode.' This action is part of a broader investigation into alleged bank fraud linked to Ambani's company, Reliance Communications. The attached property, reportedly valued at ₹3,716.83 crore, underscores the gravity of the accusations against Ambani and the extensive financial scrutiny his business dealings are currently under.

Located in the upscale Pali Hill neighborhood, the 66-meter tall building has been subjected to a provisional attachment order under the Prevention of Money Laundering Act (PMLA). With this recent action, the total value of assets seized by the ED in relation to this case has risen to approximately ₹15,700 crore, reflecting the scale of alleged financial irregularities. This strategic move indicates the ED's commitment to combat money laundering and fraud within high-profile cases and suggests a tough stance on corporate accountability.

In connection with this ongoing case, Anil Ambani is set to be questioned by the ED for the second time, having first appeared before the agency in August 2025. This investigation is linked to broader inquiries into alleged financial mismanagement and loan fraud involving Reliance Communications, as part of cases filed by the Central Bureau of Investigation (CBI). As the probe continues, the implications for Ambani and his business empire could be substantial, impacting both his personal and corporate reputation in the financial sector.