Anil Ambani troubles have deepened. In a major development that has sent shockwaves across corporate India, the Enforcement Directorate (ED) has provisionally attached ‘Abode’, the ultra-luxurious 17-storey residence of Reliance Group Chairman Anil Ambani.
Located in Mumbai’s posh Pali Hill area, the property is valued at a staggering 3716 crore. It is now at the centre of an expanding money laundering probe linked to alleged bank fraud involving Reliance Communications (RCOM).
Anil Ambani Legacy
‘Abode’ is no ordinary home; it’s a landmark. Rising 66 metres high, the building comes equipped with a helipad and several world-class amenities. For years, it has stood as a symbol of the once-sprawling business empire of the younger Ambani brother.
But the ED’s latest move signals tightening scrutiny. According to the agency, the property was shifted into a private family trust called RiseE Trust, allegedly to shield it from personal liabilities and claims by banks.
With this attachment, the total value of assets seized in connection with the group has now reached around 15,700 crore. The investigation traces back to loans exceeding 40,185 crore that RCOM and its affiliates allegedly failed to repay to lenders in India and overseas.
A Tough Week in Court
The seizure of his residence is only part of the pressure mounting on Anil Ambani.
Just days ago, the Bombay High Court lifted a stay that had earlier protected him from being classified as a “fraud” by several public sector banks. Calling the earlier relief “perverse,” the court cleared the path for banks such as the State Bank of India (SBI) and Bank of Baroda to intensify recovery proceedings.
Ambani is scheduled to appear for his second round of questioning today, February 26, 2026.
The ‘Twin Peaks’ of Hope: Reliance Power & Infra
Despite the legal turbulence, there is a parallel story unfolding within the Reliance Group.
While the promoter faces mounting challenges, flagship companies Reliance Power and Reliance Infrastructure have been attempting a turnaround.
The group has consistently maintained that these two listed entities have “no business or financial linkage” with the troubled Reliance Communications or Reliance Home Finance, both of which are currently undergoing insolvency proceedings.
However, investor sentiment remains fragile. Shares of Reliance Infrastructure recently hit the lower circuit after news of the house attachment surfaced.
What Lies Ahead for the Junior Ambani?
The road ahead appears to be a long legal battle.
Even as Anil Ambani’s companies pivot towards “Atmanirbhar” sectors such as defence and green energy, the shadow of past debt continues to loom large.
With the ED constituting a Special Investigation Team (SIT) under directions from the Supreme Court, the spotlight is firmly on the agency’s next steps. The big question now: can the much-talked-about turnaround strategy withstand the pressure of over ₹40,000 crore in unpaid loans, or will the weight of legacy debt prove overwhelming?
