ED Raids on Anil Ambani Group Firms Enter Third Day Amid Rs 3,000 Crore Loan Fraud Probe
Mumbai, Jul 26 (PTI) The Enforcement Directorate’s (ED) searches against companies of Reliance Group chairman Anil Ambani continued for the third consecutive day on Saturday, with investigators seizing documents and digital devices from multiple locations in Mumbai. The raids are linked to a Rs 3,000 crore bank loan fraud and other alleged financial irregularities involving several group companies.
The searches, conducted under the Prevention of Money Laundering Act (PMLA), were launched on July 24 and have so far covered more than 35 premises associated with over 50 companies and 25 individuals, including senior executives of Anil Ambani-led firms.
