Anil Ambani’s Reliance Power Under Scrutiny as ED Conducts Raids in Mumbai & Hyderabad

ED Action: Coordinated Searches in Mumbai and Hyderabad

On Friday, March 6, 2026, the Enforcement Directorate (ED) launched a series of coordinated searches targeting multiple locations allegedly linked to Anil Ambani’s Reliance Power. The extensive operation saw approximately 15 teams from the ED simultaneously sweep across about 10 to 12 locations in both Mumbai and Hyderabad. Initial reports from news agencies and various media outlets, including The Hindu, NDTV, and The Times of India, widely cited ED officials confirming these searches were underway. The raids focused specifically on the registered offices and residential premises of individuals connected to Reliance Power, marking a significant escalation in the ongoing investigation into the business dealings of the Anil Dhirubhai Ambani Group (ADAG). Headlines immediately broadcast the development, with The Hindu reporting “ED conducts searches on companies allegedly linked to Anil Ambani,” NDTV stating “Probe Agency Raids Locations Connected To Reliance Power In Mumbai, Hyderabad,” and The Times of India detailing “ED searches multiple sites linked to Anil Ambani’s Reliance Power in bank fraud probe”.

The Investigation: Allegations of Bank Fraud and Money Laundering

The current ED investigation delves into serious allegations encompassing alleged bank fraud, money laundering, and purported violations under the Foreign Exchange Management Act (FEMA). This latest action stems from a broader and long-running probe into the financial conduct of Anil Ambani’s enterprises. Anil Ambani, 66, has previously faced questioning by the ED on two separate occasions under the stringent Prevention of Money Laundering Act (PMLA) as part of this very investigation. The intensity of the scrutiny is underscored by the ED’s formation of a dedicated Special Investigation Team (SIT) specifically tasked with probing cases against ADAG companies, a move initiated following directions from the Supreme Court. The agency has already registered three money laundering cases against the ADAG, signaling a comprehensive effort to uncover and address alleged bank loan fraud and other financial irregularities associated with the group. This ongoing examination follows previous enforcement actions; in February 2026, the ED had provisionally attached Anil Ambani’s Mumbai residence in connection with a separate bank fraud case involving Reliance Communications, highlighting a pattern of escalating regulatory oversight across his business empire.

Reliance Power’s Official Response: Denying Searches on Premises

In the wake of widespread media coverage, Reliance Power issued a regulatory filing to address the reports, offering a distinct counter-narrative to the confirmed searches. The company stated unequivocally that, “to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company”. This official clarification arrived as initial reports from news agencies like PTI and other sources had already cited ED officials confirming the operational details of the searches. The full quote from Reliance Power’s filing read: “This is in reference to various media reports alleging that the Enforcement Directorate has conducted raids at locations linked to Reliance Power Limited. In this regard, the Company would like to clarify that, to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company”. The discrepancy between the ED’s actions targeting individuals and linked premises, and the company’s denial regarding its direct offices, introduces a complex layer to the unfolding investigation.

Background: The Ongoing Scrutiny of Anil Ambani’s Group Companies

The recent raids on properties linked to Reliance Power underscore the persistent and intensified scrutiny faced by Anil Ambani and his group companies from regulatory agencies. For years, the Enforcement Directorate has maintained a sharp focus on the financial dealings of the ADAG, particularly concerning alleged irregularities in bank loan disbursements and subsequent financial management. The repeated questioning of Anil Ambani under the PMLA confirms the severity and personal nature of the allegations against him. The formation of a Special Investigation Team specifically for ADAG cases, alongside the filing of multiple money laundering cases, points to a concerted and long-term effort by the ED to untangle a web of alleged financial improprieties. The provisional attachment of Ambani’s Mumbai residence in a related bank fraud case further illustrates the tangible consequences of these investigations, placing the spotlight squarely on the former billionaire’s corporate conduct and the future of his remaining business interests.

FAQ

Q1: What specific allegations are the ED investigations targeting against Anil Ambani’s Reliance Power?
A1: The investigations concern alleged bank fraud, money laundering, and violations under the Foreign Exchange Management Act (FEMA).

Q2: Has Anil Ambani been directly questioned as part of these probes?
A2: Yes, Anil Ambani, 66, has been questioned twice by the ED under the Prevention of Money Laundering Act (PMLA) in connection with this ongoing investigation.

Q3: What was Reliance Power’s official response to the reports of ED raids?
A3: Reliance Power issued a regulatory filing stating that, “to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company,” despite initial media reports citing ED officials confirming the searches.

What implications could these ongoing investigations have for the future of Anil Ambani’s remaining business ventures?

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Related Topics: Anil Ambani, ED, Reliance Power, Bank Fraud