Overview

• Search teams executed warrants at six premises in Mumbai and Mhow in Indore over alleged illegal outward remittances tied to Reliance Infrastructure under the foreign exchange law.
• Officials say the wider ED inquiry also examines suspected loan diversion exceeding Rs 17,000 crore across Anil Ambani group companies under the anti‑money laundering statute.
• SEBI and the ED allege Reliance Infrastructure routed funds via a company called CLE, which was not disclosed as a related party to bypass shareholder and audit approvals.
• The agency has sought explanations from about 39 banks for possible due‑diligence lapses and is collecting banking records and digital evidence.
• Reliance Group denies wrongdoing, characterizes the core issue as a decade old, says its exposure was about Rs 6,500 crore, and notes it pursued full recovery through a mediation award filed in court.