India, Dec. 11 -- The Enforcement Directorate on Wednesday said it has seized more than a dozen bank accounts, holding about '55 crore worth deposits, of Anil Ambani Group company Reliance Infrastructure as part of a hawala-linked FEMA investigation. The ED in a Statement that Reliance Infrastructure Ltd (R-Infra), through its special purpose vehicles (SPVs), siphoned public funds from highway construction projects awarded by the National Highways Authority of India (NHAI) and sent them to the UAE illegally.

The investigation pertains to a 2010 tender that was awarded to the company as an EPC (engineering, procurement and construction) contract to build the JR Toll Road (Jaipur-Reengus highway). The agency said 13 bank accounts having a ...