ED raids against Anil Ambani’s company Reliance Power Ltd at multiple locations.

NEW DELHI: The Enforcement Directorate on Friday carried out searches at multiple locations in Mumbai and Hyderabad as part of an investigation involving Reliance Power, a group company of businessman Anil Ambani.According to PTI, around 10–12 premises linked to the company and its executives are being searched across the two cities. About 15 teams of the agency are involved in the operation, the officials added.The agency is probing multiple companies linked to Ambani in connection with an alleged bank fraud-linked money laundering case, as well as suspected financial irregularities under the Foreign Exchange Management Act.Ambani, 66, has already been questioned twice by the ED under provisions of the Prevention of Money Laundering Act as part of the investigation.The ED has also formed a special investigation team (SIT) to probe cases involving companies of the Anil Dhirubhai Ambani Group, following directions from the Supreme Court of India.According to information submitted by the agency to the apex court, three money laundering cases have been registered against the Anil Dhirubhai Ambani Group to investigate alleged bank loan fraud and other financial irregularities.