New Delhi. The Enforcement Directorate (ED) on Friday conducted raids at several places in Mumbai and Hyderabad as part of the money laundering investigation against industrialist Anil Ambani’s group company ‘Reliance Power Limited’.
Official sources said that ED officials are raiding companies linked to Anil Ambani and Reliance Power Limited. 15 teams of ED have conducted raids this morning against people associated with this company.
It has been told that Central Investigation Agency officials are raiding about 10-12 locations linked to Anil Ambani’s company and its officials in both the cities. Under this action, raids are being conducted in Mumbai and Hyderabad.
The agency has included company offices, private residences of officials and other related premises among these places. During the raid, the agency teams seized documents, financial records and other important materials.
This action of ED is part of the agency’s wider investigation, in which transactions and financial irregularities related to bank fraud are being thoroughly investigated. ED had already indicated that the financial activities of various group companies linked to Anil Ambani were being analyzed and suspicious transactions were being identified.
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