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ED attaches fresh assets worth Rs 1,800 crore linked to Anil Ambani group
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The Indian Express
The Enforcement Directorate (ED) on Wednesday said it has attached fresh assets worth more than Rs 1,800 crore as part of its ongoing money laundering probe against companies associated with Reliance Group chairman Anil Ambani.
The spokesperson of the Anil Ambani group of companies is yet to respond to queries.
“By December 2019, these became non-performing investments and the outstanding was Rs 1,353.50 crore for RHFL and Rs 1,984 crore for RCFL.
Story continues below this ad“Before Yes Bank invested this money in Reliance Anil Ambani group companies, Yes Bank had received huge funds from erstwhile Reliance Nippon Mutual Fund.
As per SEBI regulations, Reliance Nippon Mutual Fund could not invest funds directly in Anil Ambani group companies due to conflict-of-interest rules.