Archive · 24 Jul 2025
Reliance Shares Plummet After ED Raids on Ambani-Linked Companies
Shares of Reliance Power and Reliance Infra dropped sharply after the Enforcement Directorate (ED) conducted raids.
The ED is investigating an alleged Rs 3,000 crore bank loan fraud involving companies linked to Anil Ambani.
These raids are part of a money laundering case.
More than 35 locations in Mumbai, connected to numerous companies and individuals, were searched.
The value of shares dropped the maximum permitted limit.
Reliance Power and Reliance Infra shares hit lower circuit limits.
The Enforcement Directorate conducted raids.
Raids were part of a money laundering case.
The case involves an alleged Rs 3,000 crore bank loan fraud.
Searches took place at multiple premises in Mumbai linked to Anil Ambani.
- Who
- The Enforcement Directorate, Anil Ambani, and related companies
- What
- ED conducted raids as part of a money laundering case related to a Rs 3,000 crore loan fraud.
- When
- Thursday
- Where
- Mumbai
- Why
- To investigate an alleged bank loan fraud and money laundering case.
Companies being investigated
Enforcement Directorate
Alleged bank loan fraud
Companies being investigated
Reliance companies are under investigation due to alleged bank loan fraud.
Enforcement Directorate
The investigation is ongoing and no conclusions have been made.
- Companies Involved
- Reliance Power, Reliance Infra, and others linked to Anil Ambani
- Alleged Fraud Amount
- Rs 3,000 crore
- Type of Case
- Money Laundering
- Action Taken
- ED raids
- Share impact
- Reliance Power and Reliance Infra shares hit lower circuit limits