The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation against Anil Ambani’s Reliance Infrastructure. At least six premises in Mumbai and Indore were raided.

“The searches are part of a FEMA investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad,” a source said. The ED has already been investigating alleged financial irregularities and collective loan diversion pegged at over `17,000 crore by multiple group companies of Anil Ambani, including Reliance Infrastructure (R Infra), under PMLA.

The action came on a SEBI report alleging R Infra diverted funds disguised as inter-corporate deposits (ICDs) to Reliance Group companies through a company named CLE. It was a

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