ED conducts raids at businesses linked to Anil Ambani

Anil Ambani’s residence was not sought. ED teams from Delhi and Mumbai visited the buildings affiliated to some group companies. What is about the investigation?

On Thursday, the Executive Directorate (ED) raided Anil Ambani’s companies in Mumbai in various places. This comes only a few days after the classification of the Indian State Bank (SBI), Reliance Communications and his supporter-director Anil Ambani as ‘fraud’.

Although the residence of Ambani was not sought, ED teams from Delhi and Mumbai visited the buildings affiliated to some group companies. Probe is concerned with the allegation of money laundering by the Group of Trust Anil Ambani group companies.