New Delhi:A family residence in Mumbai's posh Pali Hill, the Reliance Centre in Delhi and properties in at least eight cities are among the assets the Enforcement Directorate has provisionally attached as part of its investigation against the Anil Ambani-led Reliance Group.

The assets, valued at approximately Rs 3,084 crore, have been provisionally attached under the Prevention of Money Laundering Act following orders issued on October 31.

The real estate assets attached after this order are spread across Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, and East Godavari in Andhra Pradesh. They comprise residential units, office premises, and land parcels.

According to the central agency, attaching the properties is part of an ongoing investigation into the diversion and laundering of public funds raised by Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).

The Enforcement Directorate contends that between 2017 and 2019, Yes Bank invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL through various instruments. By December 2019, these investments turned non-performing, with Rs 1,353.50 crore outstanding for RHFL and Rs 1,984 crore for RCFL.

Source:Ndtv