The Enforcement Directorate (ED) on Thursday conducted searches at several locations linked to industrialist Anil Ambani’s companies in Mumbai, just days after the State Bank of India (SBI) classified Reliance Communications and its promoter-director Anil D Ambani as ‘fraud’.
While Ambani’s personal residence was not part of the search operation, the ED teams from Delhi and Mumbai visited premises tied to some of his group companies. The investigation is related to alleged money laundering by RAAGA (Reliance Anil Ambani Group) companies.
