Reliance Infrastructure Ltd ED Raids on Six Premises

The Enforcement Directorate (ED) conducted searches at six locations in Mumbai and Indore linked to Reliance Infrastructure and associates, probing alleged ₹17,000 crore FEMA violations, loan diversions, and foreign fund transfers tied to a 15-year-old EPC contract for the JR Toll Road (Jaipur-Ringus Highway). The 2010 domestic contract with Prakash Asphaltings & Toll Highways (no forex involvement) was completed, with the asset transferred to NHAI four years ago. Company clarifies full cooperation, no ongoing ties with the contractor, and zero impact on operations, financials, or stakeholders. This follows similar CBI/SEBI probes into group firms