Mumbai, July 24 -- The Enforcement Directorate (ED) today launched extensive searches across the country in connection with the Yes Bank loan fraud case, targeting multiple properties linked to a prominent Mumbai-based industrialist. Around 40 locations were searched simultaneously by ED teams from Delhi and Mumbai, including the industrialist's personal residence.
The raids focused on offices of companies under the Reliance Anil Dhirubhai Ambani Group (ADA Group), as part of a larger money laundering probe.
Official sources confirmed the operation is directly linked to the ongoing probe into the Yes Bank loan fraud case, alongside other financial investigations concerning companies under the industrialist's Reliance Anil Dhirubhai Amban...