Legal26 Aug 2026, 05:50 pm
RCom Properties Attached for ₹581.65 Cr by PMLA Authority
AI Summary
Reliance Communications Ltd (RCom) has received an order dated August 25, 2026, from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). The order confirms the provisional attachment of certain movable and immovable properties of the company, valued at ₹581.65 crore. This action arises from a Provisional Attachment Order issued by the Directorate of Enforcement. The attachment will remain in force during the investigation for up to 365 days or until proceedings conclude. RCom has the option to file an appeal within 45 days. The company stated there is no immediate impact on its business operations.
Key Highlights
- Adjudicating Authority under PMLA confirmed attachment of RCom properties.
- Attached assets are valued at ₹581.65 crore.
- Attachment is for investigation period, maximum 365 days.
- Company has 45 days to file an appeal.
- No immediate impact on business operations reported.
Price Impact
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