The Enforcement Directorate (ED) carried out raids on businesses and individuals linked to Anil Ambani and Reliance Power in Mumbai. Approximately 15 specialized ED units conducted searches at 10 to 12 locations across the city. The focus was on the offices and residences of individuals associated with the power utility company.
The searches are reportedly part of an investigation into suspicious fund transfers and transactions involving Reliance Power. ED is yet to release an official statement regarding the raids. Earlier, ED had provisionally attached Anil Ambani’s Pali Hill residential property worth Rs 3,716.83 crore in a bank fraud case related to Reliance Communications Ltd.
In a separate development, the Central Bureau of Investigation (CBI) also conducted searches at Anil Ambani’s residences and Reliance Communications offices. This action followed the registration of a case against the company by the Bank of Baroda. The case alleges offenses of conspiracy, cheating, and criminal misconduct, resulting in a loss of over Rs 2,220 crore to the bank due to allegedly diverted loans.
