ED raids sites in Mumbai, Hyderabad belonging to Anil Ambani’s company
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New Delhi: The Enforcement Directorate on Friday conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against Reliance Power Ltd., a group company of businessman Anil Ambani, PTI reported.
About 10-12 locations linked to the said company and its executives are being searched in the two cities, they said.
About 15 teams of the agency are undertaking the action, the officials said.
A query sent to the Reliance Group did not elicit an immediate response.
The ED is investigating multiple companies linked to Anil Ambani as part of an alleged bank fraud-linked money laundering case, apart from financial irregularities under the Foreign Exchange Management Act (FEMA).
Anil Ambani, 66, has been questioned twice by the ED under the anti-money laundering law as part of this investigation.
The ED has formed a special investigation team (SIT) to probe the cases against Ambani's group companies at the direction of the Supreme Court.
According to information furnished by the ED to the top court, it has filed three money laundering cases against the Anil Dhirubhai Ambani Group (ADAG) to investigate charges of bank loan fraud and other financial irregularities.
Ambani appeared before the Enforcement Directorate last month for a second round of interrogation in connection with the alleged bank fraud-related money laundering case.
He entered the federal probe agency's office in central Delhi around 10.30 am. Officials in the agency said they have recorded his statement under the provisions of the Prevention of Money Laundering Act (PMLA).
Ambani was first questioned by the ED in August 2025.
The probe pertains to an alleged over Rs 40,000 crore worth bank fraud by his group company, Reliance Communications (RCOM).