Delhi. The Enforcement Directorate (ED) on Friday conducted raids at several places in Mumbai and Hyderabad as part of its money laundering probe against industrialist Anil Ambani’s group company ‘Reliance Power Limited’. The officers provided this information. He told that about 10-12 locations linked to this company and its officials are being raided in both the cities.
Officials said that about 15 teams of the agency are conducting raids. An attempt was made to contact Reliance Group for comment in this regard, but no response was received. The ED is investigating several companies linked to Anil Ambani in a money laundering case to alleged bank fraud and also financial irregularities under the Foreign Exchange Management Act (FEMA).
Anil Ambani (66) has been questioned twice by ED under the Anti-Money Laundering Act as part of this investigation. On the directions of the Supreme Court, the ED has constituted a Special Investigation Team (SIT) to investigate the cases against Ambani group companies. According to information given by ED to the Supreme Court, it has registered three money laundering cases against Anil Dhirubhai Ambani Group (ADAG) to probe allegations of bank loan fraud and other financial irregularities.
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