New Delhi, (UNI) The Enforcement Directorate (ED) has escalated its investigation into the Reliance Communications (RCOM) bank fraud case by attaching over 132 acres of land at the Dhirubhai Ambani Knowledge City in Navi Mumbai.
The property is valued at Rs 4,462.81 crores. This action pushes the total value of properties attached in the Reliance Group cases to over Rs 7,500 crores, following a previous attachment of 42 properties worth Rs 3,083 crores.
The probe, based on a CBI FIR, centres on outstanding loans of Rs 40,185 crores from RCOM and its group companies, which five banks have declared fraudulent.
The ED alleges a systematic misuse of funds, revealing that loans were used to repay other group entities, transferred to connected parties, and invested in mutual funds against th

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