- Enforcement Directorate launched raids at 10-12 locations linked to Anil Ambani in Mumbai
- Raids target offices and residences related to Reliance Power and associated individuals
- Operations involve 15 specialised ED teams focusing on alleged financial irregularities
The Enforcement Directorate has launched a series of high-profile raids early Friday morning, targeting various businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd, sources have told NDTV Profit.
As per agency sources, the raids are currently underway at 10 to 12 locations across Mumbai, with a team of approximately 15 specialised ED units initiating the searches at dawn. They are focused on the registered offices and residential premises of people linked to the power utility company.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
This comes as part of a broader investigation into the alleged financial irregularities and money laundering. While the agency has not yet released a formal statement, sources indicate the searches are part of a probe into suspicious fund transfer and transactions involving Reliance Power.
In February 2026, the ED provisionally attached Anil Ambani's Mumbai residence, known as 'Abode', worth an estimated Rs 3,500 crore, in connection with a long-standing investigation into the Rs 40,000 crore bank fraud case involving Reliance Communications.
Reliance Power has stated through an exchange filing that no such raids have taken place in the company's offices.
"This is in reference to various media reports alleging that the Enforcement Directorate has conducted raids at locations linked to Reliance Power Limited. In this regard, the Company would like to clarify that, to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company," the company stated in the exchange filing.
ALSO READ: Anil Ambani Leaves ED Headquarters After Nine Hours Of Questioning; Summoned Again On Friday
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.