The ED said its specialised teams conducted searches at 10-12 sites across Mumbai, focusing on both registered offices and residential premises linked to companies in the Reliance group, particularly the power utility sector
Anil Ambani has been questioned under the Prevention of Money Laundering Act (PMLA) in connection with the ongoing investigation. File Pic
The Enforcement Directorate (ED) carried out coordinated raids on multiple locations associated with industrialist Anil Ambani on Friday, officials said, reported the IANS.
The ED said its specialised teams conducted searches at 10-12 sites across Mumbai, focusing on both registered offices and residential premises linked to companies in the Reliance group, particularly the power utility sector. Approximately 15 specialised ED units participated in the early-morning operations.
However, the Reliance Power stated that none of its offices or premises were subject to raids. In a stock exchange filing, the company said:
"To the best of our knowledge, no ED action has been carried out at any offices or premises of Reliance Power Limited."
Investigation
The ED is probing multiple companies linked to Anil Ambani over allegations of bank fraud, money laundering, and financial irregularities under the Foreign Exchange Management Act (FEMA).
Anil Ambani has been questioned twice under the Prevention of Money Laundering Act (PMLA) in connection with the ongoing investigation.
Anil Ambani had earlier appeared at the agency’s headquarters in Delhi last week on Thursday and recorded his statement before investigators at around 11 am. The questioning is part of an ongoing probe into alleged financial irregularities linked to group companies.
Earlier the agency had attached Anil Ambani’s residential property ‘Abode’ in Mumbai’s Pali Hill area, valued at Rs 3,716.83 crore.
The attachment was carried out under the provisions of the Prevention of Money Laundering Act (PMLA). Earlier, a portion of the same property worth Rs 473.17 crore had already been attached.
CBI action
The Central Bureau of Investigation (CBI) had also conducted searches at Ambani’s residences and RCom offices last month. This followed the registration of a second case based on a complaint by the Bank of Baroda dated February 24, concerning conspiracy, cheating under the IPC, and criminal misconduct under the Prevention of Corruption Act.
The case names Anil Ambani, promoter and former chairman of RCom, and others as accused, the agency stated.
The ED has formed a special investigation team (SIT) to probe the cases against Ambani's group companies on the directions of the Supreme Court, reported the PTI.
According to information furnished by the ED to the apex 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, the news agency reported.
(with IANS and PTI inputs)
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