The Enforcement Directorate (ED) on Thursday raided several establishments of Reliance Anil Ambani Group (RAAGA) companies in connection with an alleged money laundering case.
The probe agency conducted massive search operations at 35 premises, 50 companies, and over 25 persons allegedly linked to the money laundering case.
The move followed a probe launched by the ED under the offence of alleged money laundering by RAAGA companies subsequent to recording of a First Information Report (FIR) by the Central Bureau of Investigation (CBI).
As per the officials, other agencies and institutions have also shared inputs with ED, such as, the National Housing Bank, SEBI, National Financial Reporting Authority (NFRA) and Bank of Baroda.
The ED probe allegedly linked to money laundering case against Reliance Anil Ambani Group (RAAGA) Companies “have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders” of Reliance Power and Reliance Infrastructure, the Anil Ambani-owned Group companies said in two different standalone statements.
“No Impact on Reliance Power, its business operations, financial performance, shareholders, employees, or any other stakeholders,” Reliance Power asserted in its statement.
“The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old,” the statements, with language largely similar, read.
