New Delhi, 06 March (H.S.):

The Enforcement Directorate (ED) conducted raids on Friday at multiple locations in Mumbai and Hyderabad as part of a money laundering investigation against industrialist Anil Ambani's group company, Reliance Power Limited.Official sources revealed that ED officers targeted Anil Ambani and companies linked to Reliance Power Limited. Fifteen ED teams carried out search operations this morning against individuals associated with the company.

Reports indicate that central agency officials raided approximately 10-12 premises connected to Anil Ambani's company and its executives across both cities. The operations covered company offices, executives' private residences, and other related premises in Mumbai and Hyderabad.

During the searches, agency teams seized documents, financial records, and other essential materials.This ED action forms part of the agency's broader probe into transactions linked to bank fraud and financial irregularities.

The ED had previously indicated that it is scrutinizing the financial activities of various group companies associated with Anil Ambani and identifying suspicious transactions.

Hindusthan Samachar / Jun Sarkar