New Delhi: The Enforcement Directorate (ED) has carried out a major operation linked to Reliance Power Limited, a company associated with industrialist Anil Ambani, conducting simultaneous raids in Mumbai and Hyderabad along with several other locations. Around 15 ED teams are involved in searches at nearly 12 premises. The action is part of an investigation into alleged money laundering and possible violations of the Foreign Exchange Management Act (FEMA) related to bank loan fraud.
Sources indicate that following a Supreme Court directive, the ED has also formed a Special Investigation Team (SIT) to conduct a detailed probe into the financial activities of companies belonging to the Anil Dhirubhai Ambani Group (ADAG). The agency is examining documents related to bank loan defaults and foreign financial transactions. Anil Ambani, 66, has already been questioned twice under money laundering laws in connection with this matter.
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According to the report submitted by the ED to the Supreme Court, three separate money laundering cases have been registered against the Anil Ambani group. The investigation focuses on the utilization of bank credit, alleged misappropriation of company funds, and possible violations of foreign exchange regulations. Authorities are also trying to determine whether some financial transactions involving group companies were conducted in a suspicious manner.
Following the news of the raids, shares of Reliance Power showed a slight rise in early trading. On the BSE, the company’s stock was trading around ₹22.70 per share at approximately 11:38 AM, reflecting a gain of about 0.62 percent compared to the previous session. Market experts believe that despite the investigation, investor sentiment may experience only short-term volatility.
ED officials have not yet disclosed details about documents seized or materials recovered during the searches. However, the agency stated that the primary objective of the investigation is to ensure transparency in the company’s financial transactions. The search operations also include scrutiny of offices linked to senior company officials and some business establishments.
Market analysts say that the impact of such investigations on a company’s stock performance is usually short-term, while long-term investment decisions depend on the company’s financial results and legal position. Some experts also believe that investor confidence has not been significantly affected, considering the demand outlook in the energy and power sector.
The action in the Reliance Power case comes at a time when regulatory agencies are increasingly focusing on banking and corporate financial transparency. Investigators have stated that if any evidence of financial irregularities or money laundering is found, further legal action will be taken.
Meanwhile, neither the company nor the Anil Ambani group has issued an official statement regarding the raids. Market observers are closely monitoring the situation as the progress of the investigation could influence the company’s future financial performance and investment sentiment.
Experts believe that such enforcement actions play an important role in maintaining financial discipline and regulatory transparency in the corporate sector. The investigation agencies are currently engaged in a detailed examination of documents and digital records.
