Hours after the Enforcement Directorate carried out searches at six Anil Ambani- owned Reliance Infrastructure premises in Indore and Mumbai on Tuesday, the company clarified that the investigation relates to a contract awarded more than 15 years ago.

The ED raids were made in connection with a probe into alleged illegal remittances abroad under the Foreign Exchange Management Act (FEMA).

“In 2010, the Company had awarded an EPC contract for the construction of the JR Toll Road (Jaipur–Ringus Highway) to Prakash Asphaltings & Toll Highways. This was a domestic contract with no foreign exchange involved,” the company said in an official release.

Reliance Infrastructure added that the project was completed and the company has no ongoing relationship with the contractor. The toll road

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