New Delhi: Taking major whoopee versus companies and people associated with industrialist Anil Ambani, the Enforcement Directorate (ED) has raided several locations in Mumbai and Hyderabad. This whoopee was taken in connection with the investigation into financial transactions and so-called irregularities related to Reliance Power. According to sources, well-nigh 15 teams of the organ have been conducting search operations at variegated places since morning and are examining documents and digital records related to the company.
What is the telescopic of this whoopee of ED?
The investigating organ simultaneously raided well-nigh 10 to 12 locations of Reliance Power and its associated officials and toadies in Mumbai and Hyderabad. It is stuff said that these include some offices and merchantry premises as well as some private residences. ED teams are examining documents, computer data and other records related to financial transactions to investigate so-called fund transfers and suspicious transactions.
This raid is related to the investigation of which case?
According to sources, this whoopee is part of the investigation into so-called money laundering and financial irregularities. The organ suspects that there have been irregularities in the spritz of funds and transactions in some companies linked to the Reliance Group. On this basis, ED has intensified the investigation under the Prevention of Money Laundering Act (PMLA) and the role of many related institutions and individuals is stuff investigated.
Has this group been under the radar of investigative agencies surpassing also?
In the last few years, various companies of Anil Ambani group have been on the radar of investigating agencies. Older too, the ED had temporarily tying several properties of the group in cases related to so-called wall loan fraud and money laundering. In some cases, loans and financial irregularities worth thousands of crores of rupees are under investigation, in which questions have been raised well-nigh the loans taken from several banks and their utilization.
Has Anil Ambani moreover been questioned?
Earlier too, Anil Ambani had been tabbed for questioning by the investigating agencies. According to reports, he appeared surpassing the ED at the end of February and recorded his statement. However, he could not towards on the summons issued to him on some other dates. The organ can now decide remoter whoopee on the understructure of documents and financial records.
What did the visitor or group say?
After the news of the raid came to light, there was no firsthand official reaction from the Reliance Group. However, in older such cases, the companies belonging to the group had said that their merchantry activities were standing regularly and the investigation had no impact on the company's operations. At present, ED teams are standing the search operation at various places and remoter investigation will be washed-up on the understructure of the recovered documents.
