Overview

• The Enforcement Directorate conducted searches at six premises in Mumbai and Mhow, Indore under a FEMA investigation into alleged illegal overseas remittances by Reliance Infrastructure.
• Reliance Infrastructure said the survey relates to a 2010 Jaipur–Ringus toll road EPC contract with Prakash Asphaltings, describing it as a domestic deal with no foreign exchange and no ongoing relationship with the contractor.
• Officials said the FEMA action aligns with an ongoing PMLA probe into alleged fund diversion exceeding Rs 17,000 crore following a SEBI report on inter‑corporate deposits routed through an entity called CLE.
• Investigators have sought records and explanations from 39 banks to examine potential due‑diligence lapses in loans linked to the broader inquiry.
• ED teams also searched offices and residences associated with Indore-based Path India Group as part of the wider probe, collecting financial records and digital data.