The Enforcement Directorate conducted raids in Maharashtra and Madhya Pradesh as part of a FEMA probe into Reliance Infrastructure over alleged illegal remittances abroad. The company, facing multiple financial investigations, has denied wrongdoing and cited a court-approved settlement on past exposures

New Delhi: The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said.

At least six premises in Mumbai and Mhow in Indore were raided, they said. The searches are part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad, th

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