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**Summary:**

The Enforcement Directorate (ED) conducted searches at over 35 locations in Mumbai linked to Anil Ambani in a money laundering case involving Reliance Anil Ambani Group (RAAGA) companies. The investigation stems from FIRs filed by the CBI and other agencies. Reliance Power and Reliance Infrastructure, both listed entities, have clarified that the searches are related to past transactions of Reliance Communications (RCOM) and Reliance Home Finance (RHFL), and that they have no business or financial ties to those companies. They maintain that the ED’s actions will not affect their operations, financials, shareholders, or employees. The ED is also investigating alleged bribery and loan irregularities involving Yes Bank officials. These actions follow a previous SEBI ban on Anil Ambani for alleged fund diversion from Reliance Home Finance. Raids by Enforcement Directorate are being conducted also in Delhi.

**News Article:**

**ED Raids Anil Ambani Premises in Money Laundering Probe; Reliance Power & Infra Claim No Impact**

**Mumbai/Delhi** – The Enforcement Directorate (ED) conducted searches at over 35 locations in Mumbai linked to industrialist Anil Ambani on Thursday, as part of an ongoing money laundering investigation involving Reliance Anil Ambani Group (RAAGA) companies. The ED’s action, based on FIRs filed by the Central Bureau of Investigation (CBI) and other agencies, centers on alleged financial irregularities.

In response, Reliance Power Ltd and Reliance Infrastructure Ltd, both listed entities under the Reliance Group, issued statements asserting that the ED’s actions would have “absolutely no impact” on their business operations, financial performance, shareholders, or employees.

“It is clarified that Reliance Power is a separate and independent listed entity with no business or financial linkage to RCOM or RHFL,” stated Reliance Power in a filing to exchanges. Reliance Infrastructure echoed this sentiment, emphasizing its independence from Reliance Communications (RCOM) and Reliance Home Finance (RHFL). Both companies noted that Anil Ambani is not on their boards.

The ED’s investigation is reportedly focusing on transactions dating back over a decade and involves an alleged Rs 3,000 crore loan ‘fraud’ case. Sources suggest the ED is also probing potential links between bribery of Yes Bank officials, including its promoters, and the approval of questionable loans to RAAGA companies. The ED investigation has allegedly uncovered gross violations in Yes Bank loan approvals to RAAGA companies.

This latest development follows a previous action by the Securities and Exchange Board of India (SEBI), which banned Anil Ambani from the stock market for five years and imposed a Rs 25 crore fine for alleged fund diversion from Reliance Home Finance (RHFL).
The Enforcement Directorate also conducted raids at Anil Ambani’s premises in Delhi on Thursday.

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