The Enforcement Directorate on Friday conducted searches at several locations in Mumbai and Hyderabad as part of its probe against Reliance Power Ltd., the group of businessman Anil Ambani, officials said.
According to them, about 10-12 places associated with the said company and its managers are being searched in both cities.
About 15 teams of the agency are conducting the operation, officials said.
A query sent to the Reliance Group did not elicit an immediate response.
The ED is investigating several companies linked to Anil Ambani as part of an alleged money laundering case linked to the bank fraud, apart from financial irregularities under the Foreign Exchange Management Act (FEMA).
Anil Ambani, 66, was questioned twice by the ED under the Anti-Money Laundering Act as part of this investigation.
The ED has formed a Special Investigation Team (SIT) to probe the cases against the Ambani group companies as directed by the Supreme Court.
According to information provided to the apex court by the ED, it has filed three money laundering cases against the Anil Dhirubhai Ambani Group (ADAG) to investigate allegations of bank loan fraud and other financial irregularities.
