Daijiworld Media Network - Mumbai

Mumbai, Mar 6: The Enforcement Directorate (ED) on Friday conducted coordinated raids at multiple locations in Mumbai and Hyderabad targeting companies and individuals linked to industrialist Anil Ambani and Reliance Power.

According to sources, around 10 to 12 premises were searched as nearly 15 ED teams carried out the early morning operation as part of an ongoing probe into alleged money laundering linked to a bank fraud case.

Officials said the searches were conducted at premises connected with persons associated with the power utility firm. However, specific addresses were not disclosed in order to avoid compromising the ongoing investigation.

The action comes days after the ED provisionally attached Ambani’s Mumbai residence ‘Abode’, located in the upscale Pali Hill area. The property has been valued at approximately Rs 3,716.83 crore.

A day after the attachment, Anil Ambani had appeared before the Enforcement Directorate on February 26 for a second round of questioning in connection with the alleged bank fraud-linked money laundering case.