By Admin 
Ed Raids Against Reliance Infra: The Enforcement Directorate (ED) has taken major action on Reliance Infrastructure (R-Infra), a company of Anil Ambani Group. On Tuesday, ED raided six places from Mumbai to Indore. This action is part of the ongoing investigation under the Foreign Exchange Management Act (FEMA), in which the company has been accused of illegal funds abroad.
What is the case?
- The ED is already investigating loans of more than Rs 17,000 crore in Reliance Infra and other companies of the group under the Prevention of Money Laundering Act (PMLA).
- A SEBI report alleged that R-Infra used money as an inter-corporate deposit (ICD) in other companies of Reliance Group through a company called Cle.
- It is alleged that the company did not reveal CLE as a “concerned party” so that the approval of shareholders and audit panels could be avoided.
Company rescue
The Reliance Group has dismissed these allegations. The company says that:
- The case of about Rs 10,000 crore is about 10 years old.
- The actual risk of the company was only Rs 6,500 crore, which it had already made public in its financial statements.
- The matter was disclosed by the company on 9 February 2025.
- R-Infra claims that it has reached the agreement through compulsory arbitration proceedings and petition filed in Bombay High Court to recover this entire risk.
Anil Ambani’s status
The company has made it clear that Anil Ambani has not been included in the R-infra board since March 2022 and has no direct role for more than three years. Overall, this action of ED has increased the pressure on Reliance Infra. In the coming time, the investigation can deepen the difficulties of the company and Anil Ambani group.
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