The Enforcement Directorate on Thursday conducted multiple raids as part of an alleged Rs 3,000 crore worth bank loan fraud linked money laundering case against the companies of Reliance Group chairman Anil Ambani, official sources said. Pics/Ashish Raje
Updated On: 2025-07-24 05:55 PM IST
Compiled by : Asif Ali Sayed
More than 35 premises in Mumbai belonging to 50 companies and 25 people are being searched under the Prevention of Money Laundering Act (PMLA), sources said
The investigation is being carried out by a Delhi-based investigation unit of the ED
ED sources said they are primarily probing allegations of illegal loan diversion of around Rs 3,000 crore, given by the Yes Bank to the group companies of Ambani between 2017 and 2019
Two group companies, Reliance Power and Reliance Infrastructure, said in separate but identical regulatory filings that the ED action has had "absolutely no impact" on their business operations, financial performance, shareholders, employees, or any other stakeholders
"The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old," the companies said
