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Indian federal agency freezes Anil Ambani Group’s $351m properties, says source

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Indian federal agency freezes Anil Ambani Group’s 1m properties, says source


Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, attends the companys annual general meeting in Mumbai, India, September 30, 2019. — Reuters
Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, attends the company’s annual general meeting in Mumbai, India, September 30, 2019. — Reuters
  • ED freezes INR30.84bn in Ambani Group assets.
  • Mumbai, Delhi, Chennai holdings seized, says source.
  • Alleged $350 million siphoned via shell companies.

NEW DELHI: India’s financial crime agency has provisionally frozen 30.84 billion Indian rupees ($350.87 million) in assets linked to Reliance Anil Ambani Group as part of a money-laundering investigation, a government source said on Monday.

The case involves loans taken by the group, owned by the younger brother of billionaire Mukesh Ambani, from India’s YES Bank between 2017 and 2019 in excess of $568.86 million. Investments made with the funds delivered no returns.

The Enforcement Directorate has now blocked any transactions from taking place on residential units and land parcels across Mumbai, Delhi and Chennai, including industrialist Anil Ambani’s family residence in Mumbai, the source added.

Reliance Group did not immediately respond to a request for comment.

Investigators allege the funds raised by Reliance Home Finance Ltd and Reliance Commercial Finance Ltd were part of a “well-planned” scheme to siphon off 30 billion Indian rupees ($350 million) in loans from YES Bank to many shell companies.

The loans were originally invested through mutual funds and routed to group-linked entities in violation of regulations. The Reliance Group entities are also accused of paying bribes to YES Bank officials before loans were disbursed, a government source had said earlier.

The Enforcement Directorate has cited weak borrower profiles, missing documentation and misuse of funds, the source said, in a case that involves the diversion and laundering of public funds.

The agency is also probing Reliance Communications Ltd and affiliates, where over 136 billion Indian rupees ($1.55 billion) were allegedly diverted through loan evergreening and fund rerouting.





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Mamdani in touching distance as New York mayoral race enters final lap

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Mamdani in touching distance as New York mayoral race enters final lap


Democratic New York City mayoral candidate Zohran Mamdani (centre) raises his hands during a campaign event with New York City elected officials in New York City, November 1, 2025. — AFP
Democratic New York City mayoral candidate Zohran Mamdani (centre) raises his hands during a campaign event with New York City elected officials in New York City, November 1, 2025. — AFP

State Assembly member Zohran Mamdani is on the cusp of victory as New York City’s mayoral race enters its final day before Election Day.

The 33-year-old democratic socialist has shaken up traditional politics with his distinctive social media outreach and promises to address New Yorkers’ economic challenges.

Mamdani — who serves as the three-term representative for Assembly District 36 in the New York State Assembly — will enter Election Day on November 4 as the frontrunner, leading in the majority of race surveys.

The Democratic nominee had been leading independent candidate Andrew M Cuomo and Republican nominee Curtis Sliwa throughout the voting, which began on October 25.

A fresh Quinnipiac University poll, conducted from October 23 to 27, gave Mamdani 43% of the vote, followed by Cuomo on 33% and Sliwa on 14%, as per a report by AFP.

While Mamdani’s opponents have repeatedly targeted him with racist and Islamophobic slurs, he has kept his campaign focused on New York’s issues.

The harshest criticism has come from US President Donald Trump, who labelled Mamdani a “communist” and threatened to withhold federal funds from the city if he were elected to the seat.

However, the 33-year-old democratic socialist has maintained that he was “fighting for the very working people” who were “betrayed” by Trump after his election as the US president.

The New York mayoral race has centred on the cost of living, crime and how each candidate would handle Trump.

“Mamdani is an unusual political figure and really captures the spirit of the moment. This is a moment where a loud anti-Trump voice in America’s biggest city is going to get news,” Lincoln Mitchell, a politics professor at Columbia University, told AFP.

“Frankly, a Muslim candidate for mayor of New York is an enormous story.”

NYC Board of Elections data showed 275,006 registered Democrats had cast ballots, as had 46,115 Republicans, along with 42,383 voters unaffiliated with any party in the first five days of early voting, which ended on November 2.

Mamdani’s ascent has highlighted the gulf between the left and centre-right of the Democratic Party.

New York’s state governor, Kathy Hochul, a centrist, appeared at a Mamdani rally on October 26 but was drowned out by “tax the rich” chants, an AFP correspondent saw.

Hochul has been critical of Mamdani’s proposals to impose a 2% income tax on New Yorkers making more than $1 million.

Mamdani’s rise

Mamdani’s unlikely ascent has been fueled by young New Yorkers canvassing for him, with his campaign claiming 90,000 people have volunteered.

“It really comes back to people speaking to other New Yorkers about the city that we all love,” Mamdani told The Daily Show.

Teenager Abid Mahdi, a Queens native who leads canvases for Mamdani, told AFP that “when I think of Zohran, I think of what Bernie Sanders was to many Americans in 2016 and 2020. He is my Bernie Sanders in a lot of ways.”

Mamdani appeared with leftist standard-bearer Senator Bernie Sanders at a Queens rally on October 26.

“I’m 15 right now, I’ll be an adult and paying taxes at 18, right? The majority of laws will apply to me in about three years. So, why should I start caring then?” added Mahdi.

Underscoring the importance of older voters who typically turn out in greater numbers than youngsters, Mamdani attended a “paint and pour” session at an elder care home in Brooklyn on Thursday.

Torrential rain at the end of the week slowed canvassing, with the three leading candidates touring TV studios in a final push to woo wavering voters.

Ahead of the vote, Sliwa appeared in a surreal conservative rap video wearing a suit and his signature red beret.

Cuomo, 67, sought on Thursday to court Black and Muslim voters, campaigning in Harlem with current mayor Eric Adams, a corruption-accused Democrat who bowed out, eventually endorsing his former foe Cuomo.

There was a stir in the week when a British newspaper published what claimed to be an interview with former mayor and Mamdani backer Bill de Blasio in which he appeared to question the affordability of the Democratic socialist´s spending plans.

But the article was removed after the former mayor denied speaking to the journalist.





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Man charged with 10 counts of attempted murder after knife attack on UK train

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Man charged with 10 counts of attempted murder after knife attack on UK train


A forensic officer walks near the scene at Huntingdon Station following a series of stabbings on a train, near Cambridge, Britain, November 2, 2025.— Reuters
A forensic officer walks near the scene at Huntingdon Station following a series of stabbings on a train, near Cambridge, Britain, November 2, 2025.— Reuters
  • Eleven people, including train crew injured stabbing incident.
  • Suspect unknown to security services, says transport minister.
  • Five victims discharged from hospital by late on Sunday.

British police said a 32-year-old British man was charged on Monday with 10 counts of attempted murder over a knife attack on a train on Saturday, an incident officers had already said was not being treated as terrorism-related.

Eleven people were injured in the mass stabbing on the train, including a member of the train crew who remains in hospital in a critical but stable condition. That person was hurt while trying to stop the accused from stabbing others.

The attack, on a London-bound train which then stopped at Huntingdon about 80 miles north of London, shocked the country, and prompted statements from Prime Minister Keir Starmer and King Charles, who sent their sympathies to those affected.

Britain’s Crown Prosecution Service said Anthony Williams, 32, was charged with 11 counts of attempted murder, one count of assault occasioning actual bodily harm and two counts of possession of a bladed article.

Ten of the attempted murder charges were linked to the train attack, British Transport Police said, while the eleventh charge was connected to an incident at a station in east London earlier on the same day.

Williams, who is from Peterborough in eastern England, will appear at Peterborough Magistrates Court later on Monday, they said, adding that the charges were brought after a review of CCTV footage from the train, amongst other evidence.

Transport minister Heidi Alexander confirmed on Monday that the man was not known to security services. She declined to comment on whether he was known to mental health services.

Five of the injured had been discharged from the hospital by late Sunday.





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Strict penalties for insulting National flag as residents prepare for celebrations

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Strict penalties for insulting National flag as residents prepare for celebrations


The tallest flagpole in the world at 123m tall, the Abu Dhabi Flagpole stands at the end of the scenic Corniche Breakwater facing the heart of the city. — Instagram@ralphemerson_deperalta
The tallest flagpole in the world at 123m tall, the Abu Dhabi Flagpole stands at the end of the scenic Corniche Breakwater facing the heart of the city. — Instagram@ralphemerson_deperalta

DUBAI: As the UAE celebrates Flag Day today, authorities have issued a reminder that any act of disrespect toward the national flag, such as using its design on cakes, decorations, or promotional items, is a serious crime punishable by up to 25 years in prison and a fine of Dh500,000 (almost Rs37.8 million).

The warning comes ahead of UAE National Day celebrations on December 2, when citizens and expatriate communities across Dubai, Sharjah, and Abu Dhabi typically mark the occasion with flag hoisting, parades, and cake-cutting ceremonies. Officials have urged everyone to ensure the national flag is treated with the utmost respect.

Residents are advised to follow a set of dos and don’ts issued by the government. Flags must be made of high-quality polyester, kept clean and undamaged, and should never touch the ground. Nothing else should be attached to the flagpole, and flags must be properly folded after use.

Authorities have also clarified that no emblem, logo, or decorative edge should be added to the flag, and it should not appear on food items or altered for promotional designs such as balloons, logos, or typography.

The UAE flag, featuring red, green, white, and black colours symbolising Arab unity, was first raised by the nation’s founding father, Sheikh Zayed bin Sultan Al Nahyan, during the Eid Al Etihad celebrations in 1971.

As the country prepares for its 53rd National Day, the message is clear: the flag represents the UAE’s pride and unity, and must be honoured accordingly. 





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