New Delhi, Dec. 10 -- The Enforcement Directorate (ED) has seized 13 bank accounts having a balance of Rs 54.82 crore of Anil Ambani's Reliance Infrastructure Ltd under Section 37A of the Foreign Exchange Management Act (FEMA), 1999, for contraventions under Section 4 of the Foreign Exchange Management Act (FEMA), the agency said on Wednesday.

The federal agency's special task force seized these bank accounts.

ED said its investigation revealed that Reliance Infrastructure Ltd, through its Special Purpose Vehicles (SPVs), siphoned public funds from highway construction projects awarded by the National Highways Authority of India (NHAI).

According to the federal agency, funds were diverted through sham subcontracting arrangements to she...