The Enforcement Directorate (ED) on Tuesday conducted raids on six premises of the Anil Ambani-linked Reliance Infrastructure (RInfra) in Indore and Mumbai, as part of its probe into alleged illegal remittances abroad, violating the Foreign Exchange Management Act (FEMA) and loan diversion, amounting to over Rs 17,000 crore, according to an official statement.

However, it is not known if any seizures have been made so far during the raids.

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The latest raid came after the ED pointed to the findings of a recent SEBI report and alleged that RInfra funneled funds to other Reliance Group entities under the pretext of inter-corporate deposits (ICDs).

These transactions were allegedly routed through a company named CLE, which according to the ED was not disclosed as a “related pa

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