The Enforcement Directorate (ED) has launched search operations at over 35 premises linked to companies and executives associated with Anil Ambani’s Reliance Group in connection with a suspected Rs 3,000 crore loan fraud and money laundering case.
Reliance Power and Reliance Infrastructure issued a statement and said the ED raids relate to old cases involving other group firms and clarified they have no links to those companies or the matters under investigation.
The operation, which is being carried out under Section 17 of the Prevention of Money Laundering Act (PMLA), follows two FIRs registered by the Central Bureau of Investigation (CBI) — RC2242022A0002 and RC2242022A0003.
These complaints relate to allegations of loan diversion,…