The Enforcement Directorate conducted searches on Tuesday at six locations in Indore and Mumbai as part of an investigation into suspected illegal overseas fund transfers by Reliance Infrastructure. The agency raided offices and residences linked to the Path India Group, which faces questions over toll road projects and business dealings. Officials arrived in multiple vehicles at the firm's headquarters on Mal Road in Mhow and at properties belonging to company directors.
The searches are connected to a broader investigation into bank loan fraud cases linked to Anil Ambani. Authorities suspect construction agreements between Reliance Group entities and Path Group may have facilitated large money transfers. The Central Bureau of Investigation raided premises connected to Reliance Communications and Ambani on Aug. 28 over alleged fraud exceeding 2,000 crore rupees against State Bank of India.
Ambani faced hours of questioning by the ED earlier this month in a separate 17,000 crore rupee loan fraud case. The agency plans to summon him again for additional documentation. Investigators believe funds were diverted through intermediary contracts to extract money from bank loans. Officials collected documents, financial records and digital evidence during the operation.
The searches are connected to a broader investigation into bank loan fraud cases linked to Anil Ambani. Authorities suspect construction agreements between Reliance Group entities and Path Group may have facilitated large money transfers. The Central Bureau of Investigation raided premises connected to Reliance Communications and Ambani on Aug. 28 over alleged fraud exceeding 2,000 crore rupees against State Bank of India.
Ambani faced hours of questioning by the ED earlier this month in a separate 17,000 crore rupee loan fraud case. The agency plans to summon him again for additional documentation. Investigators believe funds were diverted through intermediary contracts to extract money from bank loans. Officials collected documents, financial records and digital evidence during the operation.
