ED raids multiple entities linked to Anil Ambani, Reliance Power: Sources
MUMBAI: The Directorate of Enforcement (ED) on Friday conducted a series of raids on various businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd.
According to agency sources, the coordinated raids were underway at 10 to 12 locations across the financial capital.
A team of approximately 15 specialised ED units initiated the searches in the early hours, focused on the registered offices and residential premises of people related to the power utility company, sources added.
Sources indicate the searches are part of a probe into suspicious fund transfers and transactions involving Reliance Power.
ED was yet to issue an official statement on the Friday raids.
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