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.

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.

The post ED Raids Reliance Power Offices in Mumbai & Hyderabad appeared first on The India Bizz Startup News Website.

The post ED Raids Reliance Power Offices in Mumbai & Hyderabad appeared first on The India Bizz Startup News Website.