India’s financial crimes agency freezes Anil Ambani Group properties worth $164 million

India’s financial crime fighting agency said on Thursday it has frozen multiple properties of Anil Ambani Group worth 14.53 billion rupees ($163.8 million), as part of its probe into an alleged loan fraud case related to Reliance Communications.

The probes are in relation to cases involving Reliance Communications and its affiliates over the alleged diversion of about 136 billion rupees and loans of more than $569 million taken by the Anil Ambani Group from India’s YES Bank between 2017 and 2019, which the Enforcement Directorate (ED) says were diverted and laundered.

Earlier this month, the ED froze $853 million worth of properties belonging to the troubled conglomerate. The total worth of assets frozen cumulatively so far is $1.01 billion, the agency said on Thursday.

Anil Ambani-owned Reliance Communications did not immediately respond to a Reuters request for comment.