
ED Raids Anil Ambani's Premises In Mumbai, Delhi
The Enforcement Directorate (ED) on Thursday carried out searches at multiple locations in Mumbai connected to companies linked to industrialist Anil Ambani. The action comes just days after the State Bank of India (SBI) declared Reliance Communications and its promoter-director Anil D. Ambani as ‘fraudulent’ entities.
The search operation did not include Ambani’s personal residence. However, ED teams from both Delhi and Mumbai visited premises associated with several of his group companies. The ongoing probe is tied to suspected money laundering involving entities under the Reliance Anil Ambani Group (RAAGA), according to an India Today report.
The ED took this action based on inputs from several key regulatory and financial bodies. These include the National Housing Bank, the Securities and Exchange Board of India (SEBI), the National Financial Reporting Authority (NFRA), Bank of Baroda, and two FIRs registered by the Central Bureau of Investigation (CBI).