New Delhi, March 6, 2026 — The Enforcement Directorate (ED) launched coordinated searches early Friday morning at multiple locations in Mumbai and Hyderabad, focusing on entities and individuals associated with businessman Anil Ambani’s group company, Reliance Power Ltd. (RPower). The operation is part of a broader investigation into alleged bank fraud, money laundering, and financial irregularities under the Prevention of Money Laundering Act (PMLA) and possibly the Foreign Exchange Management Act (FEMA).
According to officials, around 15 ED teams conducted raids at approximately 10–12 premises linked to Reliance Power and its executives. The searches targeted offices, residences, and related entities in the two cities, aiming to gather evidence related to suspicious fund transfers, loan diversions, and other financial misconduct.
The ED’s action comes amid an escalating probe into several companies under the Anil Dhirubhai Ambani Group (ADAG), including Reliance Power, Reliance Communications, Reliance Infrastructure, and others. The agency has previously filed multiple money laundering cases against the group, following directions from the Supreme Court to expedite investigations. A special investigation team (SIT) has been formed to handle these matters.
This latest development follows recent ED measures against the group, including the provisional attachment of Anil Ambani’s luxurious Mumbai residence, “Abode,” in Pali Hill—valued at over ₹3,700 crore—just days earlier. The agency has also attached assets worth thousands of crores in related cases involving alleged fraudulent diversion of public funds, misuse of loans, and irregularities tied to banks such as Yes Bank.
Reliance Power issued a statement denying that any searches were conducted at its offices or premises, asserting no impact on its business operations. The company clarified through a regulatory filing that reports of raids on its facilities were inaccurate.
Anil Ambani, 66, has been questioned by the ED on multiple occasions as part of these probes but has faced summons he did not always attend. The investigations stem from allegations of large-scale loan defaults, fund siphoning, and diversion of resources through complex corporate structures involving group entities and associates.
The ED has yet to release an official detailed statement on Friday’s raids, and the situation remains developing. Sources indicate the searches are focused on uncovering evidence of money laundering linked to alleged bank frauds across the ADAG portfolio.
This raid marks the latest in a series of enforcement actions against the Reliance ADA Group, which has faced significant financial and legal challenges in recent years, including prior arrests of executives in related cases such as fake bank guarantees and asset freezes exceeding ₹15,000 crore in total.
As the probe continues, stakeholders await further updates from the ED and any responses from the Ambani group. Reliable news sources and official communications should be monitored for the most accurate developments.
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