Reliance Power, Reliance Infra raids: ED action concludes at all locations, says company statement
(
ED
) has concluded its raid on all locations linked to
Anil Ambani
's
Reliance Power
and
Reliance Infrastructure
.
The companies announced that ED has concluded at all locations.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Data Science
healthcare
MBA
Digital Marketing
CXO
Operations Management
Others
Product Management
Management
MCA
Leadership
PGDM
Project Management
Data Analytics
Degree
Technology
Public Policy
Data Science
others
Finance
Artificial Intelligence
Healthcare
Design Thinking
Cybersecurity
Skills you'll gain:
Duration:
11 Months
E&ICT Academy, Indian Institute of Technology Guwahati
CERT-IITG Postgraduate Cert in AI and ML India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Kozhikode
CERT-IIMK DABS India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
11 Months
IIT Madras
CERT-IITM Advanced Cert Prog in AI and ML India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
30 Weeks
IIM Kozhikode
SEPO - IIMK-AI for Senior Executives India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
E&ICT Academy, Indian Institute of Technology Guwahati
CERT-IITG Prof Cert in DS & BA with GenAI India
Starts on
undefined
Get Details
'The Company and all its officials have fully cooperated and will continue to cooperate with the authority,' as per statement issued by Reliance Power and Reliance Infrastructure.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50!
Lulutox
Undo
On Thursday, ED searched multiple locations linked to Anil Dhirubhai
Ambani Group
as part of an ongoing probe into alleged
money laundering
involving more than Rs 24,000 crore
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
25 minutes ago
- Indian Express
Man kills colleague for refusing to give Rs 10,000 loan, arrested
A 42-year-old man was allegedly bludgeoned to death at a farmhouse in Chhattarpur by his colleague after he refused to lend him Rs 10,000, police said on Sunday. The body of the deceased, Sita Ram – who was employed at the farmhouse for the last 10 years – was found drowned in a septic tank at the property on Saturday. The accused, Chandra Prakash (47), who worked as a driver at the same farmhouse, was arrested from Palam in Southwest Delhi. Police said a missing person report for Sita Ram, originally from Uttar Pradesh, was filed at the Mehrauli police station on July 26. 'Sita Ram used to work as a help at the farmhouse and was alone the night of the incident, as the owner had gone out of Delhi. On July 26 morning, staffers found the doors of the farmhouse open, and Sita Ram missing. After the missing report was filed, his body was recovered from the septic tank of the farmhouse,' DCP (South) Ankit Chauhan said. While questioning the staff at the farmhouse, the police found that Chandra Prakash was missing. He was later traced to Palam in Dwarka. Chandra Prakash, who hails from Almora and has been the driver at the farmhouse for the last seven years, told the police that a loan of Rs 10,000 made him kill Sita Ram. 'He admitted to the murder, stating that he had demanded Rs 10,000 from Sita Ram and, upon refusal, killed him with a hammer, and dumped the body in the septic tank,' the DCP said.
Time of India
41 minutes ago
- Time of India
Uttar Pradesh secures ₹12,031 crore under PMAY-Urban 2.0
LUCKNOW: In a major push towards ' Housing for All ', the Uttar Pradesh government has secured financial approval of Rs 12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0 to provide pucca houses to the urban poor, according to a statement released on Saturday. Chief Minister Yogi Adityanath has directed officials to ensure transparency and quality in construction, the statement said. Following this, geo-tagging and photographic documentation of each house will be mandatory under PMAY (Urban), enabling real-time monitoring at every stage of construction. All houses will also be equipped with disaster-resilient features to safeguard against earthquakes, floods, and other calamities, making safety an integral component of the scheme, it said. The cost of construction under the scheme is being shared between the Centre and the state government in a 60:40 ratio. Each eligible beneficiary will receive Rs 2.5 lakh in assistance to build a permanent (pucca) house. Launched on September 1, 2024, the PMAY (Urban) Mission 2.0 aims to ensure pucca houses for all families by the set deadline. The scheme is being closely monitored by officials at both the state and district levels to guarantee timely and quality construction. The initiative not only provides social security to the urban poor but also promotes integrated urban development across Uttar Pradesh, the statement added.
Time of India
an hour ago
- Time of India
ED probes Anil's RHFL for writing off Rs 7k cr loans to group firms
NEW DELHI: As the ED sifts through voluminous documents and digital records seized from Anil Ambani 's Reliance group entities during searches, which began on July 24 and concluded on Sunday, the agency, in particular, is looking at alleged diversion of Rs 12,000 crore loans by Reliance Home Finance Ltd (RHFL) to various related entities. ED is being assisted in its task by National Financial Reporting Authority, CBI, Security and Exchange Board of India (Sebi) and National Housing Bank, since it involves misappropriation of huge public funds. At least a dozen related entities of the group are currently undergoing insolvency proceedings, which means massive haircuts for banks. Sources said 22 individuals, who are key management personnel and associates of Ambani, have come under the radar of the agency and are being investigated, besides the 60 companies that were covered during the searches lasting over 72 hours. A Sebi investigation report (shared with ED) has highlighted alleged laundering of funds by RHFL, which had written off around Rs 7,000 crore out of the Rs 12,000 crore of loans it had extended to various entities linked to the Anil Ambani group. Ambani is already under investigation for his group entity RHFL availing funds of Rs 2,965 crore from Yes Bank by allegedly paying bribes to its former CEO Rana Kapoor through his wife Bindu Kapoor and her companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do You Speak English? You May Be Able To Work a USA Job From Home in Bangladesh US Jobs | Search ads Undo Rs 1,353 crore of the Rs 2,965 crore received from Yes Bank has turned into NPA. A forensic audit, commissioned by the bank, has also concluded diversion of this amount to related companies. Reliance Power and Reliance Infrastructure, in identical statements, said, "The company and all its officials have fully cooperated and will continue to cooperate with the authority". On the alleged diversion of Rs 12,000 crore by RHFL to related entities, a company official said, "The account of RHFL has been fully resolved with change in management pursuant to the judgment of SC in 2023. ..Allegations of other irregularities are sub-judice and as a matter of fact, the Sebi order has been challenged before SAT (Securities Appellate Tribunal) since 2024". "Sebi vide its order dated Aug 22, 2024, has found that RHFL has engaged in a fraudulent scheme to divert funds for the benefit of Ambani and his group companies," a source aware of the probe said. ED is probing related party transactions, in which it was found that Reliance Infrastructure had received funds from Crest Logistics and Engineers Pvt Ltd, which in turn had received funds from at least four entities - RPL Star Power Pvt Ltd, RPL Solar Power Pvt Ltd, Species Trade and Commerce Pvt Ltd and Worldcom Solutions Ltd - all of them allegedly linked to the Anil Ambani group. According to the Sebi investigation report, the forensic audit of RHFL found that "loans of more than Rs 12,000 crore have been extended to various entities which are linked to the Anil Ambani group. These companies had a common registered address, email ID/domain, address and directors". The Sebi report further revealed that as on Sept 30, 2021, Rs 6,931 crore had been declared as NPA/written off by RHFL out of loans extended to linked/associated entities of the group.
