Archive · 24 Jul 2025
ED Raids RAAGA Companies Over Alleged Money Laundering
Imagine a company, RAAGA, is suspected of taking money from banks and investors in a sneaky way.
The government's ED is checking if this is true.
They looked at 35 places connected to the company and found some suspicious things, like money being moved around in secret.
They're checking how Yes Bank gave loans and if the money was used correctly.
The company says this won't affect their other businesses, but the investigation continues to see if the company cheated banks and investors.
The Enforcement Directorate (ED) conducted raids on 35 premises linked to Reliance Anil Ambani Group (RAAGA) companies on July 24, 2025.
The raids are part of an investigation into alleged money laundering by RAAGA companies, following an FIR by the CBI.
Preliminary investigation revealed a scheme to divert and siphon off public money by cheating banks and investors.
The ED found illegal loan diversion of approximately Rs 3,000 crore from Yes Bank between 2017 and 2019.
Reliance Power and Reliance Infrastructure stated the investigation would have no impact on their operations.
- Who
- The Enforcement Directorate (ED) is investigating RAAGA companies linked to Anil Ambani.
- What
- The Enforcement Directorate (ED) is investigating alleged money laundering and financial irregularities by Reliance Anil Ambani Group (RAAGA) companies.
- When
- July 24, 2025
- Where
- Multiple locations linked to RAAGA companies, including Mumbai.
- Why
- To investigate alleged money laundering and illegal financial practices, including loan diversion and defrauding banks and investors.
ED Findings & Accusations
Reliance Response
Impact on Business
ED Findings & Accusations
The ED found evidence of a well-planned scheme to divert funds and defraud banks and investors, including illegal loan diversion.
Reliance Response
Reliance Power and Reliance Infrastructure have asserted that the ongoing investigation will not affect their business operations, financial performance, or stakeholders.
- Agency
- Enforcement Directorate (ED)
- Date of Raids
- July 24, 2025
- Premises Searched
- 35
- Companies Involved
- RAAGA Companies (Reliance Anil Ambani Group)
- Allegations
- Money Laundering, Loan Diversion, Fraud
- Loan Diversion Amount (approx.)
- Rs 3,000 crore
- Banks Mentioned
- Yes Bank
- Entities under Scrutiny
- Reliance Power, Reliance Infrastructure, RHFL