Enforcement Directorate Raids Multiple Locations Linked to Anil Ambani's Reliance Power
8 hours agoBusiness
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14 SourcesMumbai, India
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Enforcement Directorate Raids Multiple Locations Linked to Anil Ambani's Reliance Power

The Enforcement Directorate (ED) conducted coordinated raids at 10 to 12 locations in Mumbai and Hyderabad linked to Anil Ambani and Reliance Power Ltd. Approximately 15 ED teams carried out searches targeting company offices and individuals as part of an ongoing investigation into alleged money laundering, bank fraud, and financial irregularities. The probe follows previous actions including the provisional attachment of Ambani's Mumbai residence valued at over Rs 3,700 crore. The ED has formed a special investigation team under Supreme Court directions to examine multiple cases against Ambani's group companies.

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