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ED raids locations linked to Anil Ambani in money laundering probe, Reliance Power dismisses reports
The raids were conducted days after the ED provisionally attached Anil Ambani’s Mumbai residence, ‘Abode’, located in the posh Pali Hill area.
The Enforcement Directorate (ED) launched raids early on Friday at locations in Mumbai and Hyderabad, targeting companies and individuals associated with industrialist Anil Ambani and Reliance Power.(File Photo)
The Enforcement Directorate (ED) launched “coordinated raids” early on Friday at 10 to 12 locations in Mumbai and Hyderabad, targeting companies and individuals associated with industrialist Anil Ambani and Reliance Power, sources said.
Fifteen ED teams swung into action before dawn, conducting searches against persons linked to the power utility firm amid allegations of money laundering.
A source has confirmed the operations focused on premises in Mumbai and Hyderabad, though specific addresses were not disclosed to avoid compromising the probe.
However, Reliance Power Limited, in a statement, dismissed reports of any such raids being carried out in their premises. A spokesperson of Reliance Power Limited said, “This is in reference to various media reports alleging that the Enforcement Directorate has conducted raids at locations linked to Reliance Power Limited. In this regard, the Company would like to clarify that, to the best of its knowledge, no such action has been carried out at any of the offices or premises of the company. This is for your information and dissemination.”
The raids were conducted days after the ED provisionally attached Anil Ambani’s Mumbai residence, ‘Abode’, located in the posh Pali Hill area. The property is valued at Rs 3,716.83 crore.
A day after the attachment, Ambani appeared before the ED on February 26 for a second round of questioning in connection with an alleged bank fraud-linked money-laundering case.
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