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Enforcement Directorate Searches In FEMA Probe Against Reliance Infra

The surprise action was part of a Foreign Exchange Management Act investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad

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 of some linked entities in Mumbai and Mhow in Indore were searched, they said. The surprise action was part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances

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