Goa, July 24 -- On July 24, 2025, the Enforcement Directorate (ED) carried out extensive raids at over 35 locations across Mumbai and Delhi connected to industrialist Anil Ambani and companies under the Reliance Anil Dhirubhai Ambani Group (RAAGA). The raids are part of an ongoing money laundering investigation tied to an alleged Rs.3,000 crore loan fraud involving Yes Bank between 2017 and 2019.

The probe stems from two FIRs filed by the Central Bureau of Investigation (CBI) and draws on inputs from multiple regulatory and financial watchdogs, including SEBI, the National Housing Bank (NHB), the National Financial Reporting Authority (NFRA), and Bank of Baroda.

According to ED sources, preliminary findings suggest a deliberate and syst...