ED raids against Reliance Power Ltd. in Mumbai, Hyderabad
The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad in a money laundering probe linked to Reliance Power and businessman Anil Ambani. Around 15 teams searched 10–12 premises connected to the company and its executives
New Delhi: The Enforcement Directorate on Friday conducted searches at multiple locations in Mumbai and Hyderabad as part of a money laundering investigation against Reliance Power Ltd., a group company of businessman Anil Ambani, officials said.
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.
The ED is investigating multiple companies linked to Anil Ambani as part of an alleged bank fraud linked money laundering case.
