Early on Friday, the Enforcement Directorate (ED) initiated a series of high-profile raids targeting businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd. Sources told NDTV Profit that the raids are happening at multiple locations across Mumbai.
ED Targets Offices and Residences
The ED team, consisting of approximately 15 specialised units, started the searches at dawn. They are focusing on the registered offices and residential properties of individuals linked to Reliance Power. Sources indicate that the raids are part of an ongoing investigation into alleged financial irregularities and money laundering.
Investigation into Suspicious Transactions
While the Enforcement Directorate has not yet issued an official statement, sources have revealed that the raids are related to suspicious fund transfers and transactions involving Reliance Power. The investigation is examining possible financial misconduct tied to the company’s operations.
This new round of raids follows a significant action taken by the ED in February 2026. The agency provisionally attached Anil Ambani’s Mumbai residence, ‘Abode,’ which is valued at Rs 3,500 crore. This attachment is part of a long-standing investigation into the Rs 40,000 crore bank fraud case linked to Reliance Communications.
Reliance Power Denies Raid at Offices
In response to the raid reports, Reliance Power issued a statement clarifying that no such raids have taken place at its offices. In an exchange filing, the company stated, “To the best of its knowledge, no such action has been carried out at any of the offices or premises of the company.”
The Enforcement Directorate’s ongoing investigation into financial misconduct tied to Anil Ambani and Reliance Power has sparked significant attention. As the ED continues its inquiries, the company and individuals involved will likely face increasing scrutiny.
