ED searches multiple sites linked to Anil Ambani’s Reliance Power in bank fraud probe | India News
New Delhi: The Enforcement Directorate The searches were conducted at multiple locations in Mumbai and Hyderabad on Friday, as part of an investigation into Reliance Power, a group of businessmen. Anil Ambani.According to PTI, around 10-12 premises linked to the company and its officials are being searched across the two cities. Around 15 teams of the agency are involved in the operation, the officials added.The agency is investigating an alleged bank fraud-linked money laundering case as well as multiple firms linked to Ambani with suspected financial irregularities under the Foreign Exchange Management Act.The 66-year-old Ambani has already been questioned twice by the ED under provisions of the Prevention of Money Laundering Act as part of the investigation.The ED has set up a Special Investigation Team (SIT) to probe cases involving Anil Dhirubhai Ambani group companies following the directions of the Supreme Court of India.According to information submitted by the agency to the apex court, three money laundering cases have been registered against the Anil Dhirubhai Ambani group to probe alleged bank loan fraud and other financial irregularities.
