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Reliance Infra, Reliance Power Confirm ED Searches Concluded; Operations Unaffected 

Reliance Infrastructure and Reliance Power announced that Enforcement Directorate (ED) search operations at their premises have concluded with no impact on their business operations, governance, or financial health. The searches were part of a broader money laundering probe involving over ₹24,000 crore, focused on past transactions related to Reliance Communications (RCOM) and Reliance Home Finance Ltd (RHFL), entities with no business linkage to Reliance Infra or Reliance Power. The companies clarified that Anil Ambani holds no board position in either entity and that the probe appears to pertain to decade-old transactions involving loans from Yes Bank, Canara Bank, and Bank of Baroda, along with a ₹2,850 crore investment in Yes Bank bonds by Reliance Mutual Fund. Both firms reiterated their full cooperation with authorities and highlighted that RCOM is under insolvency proceedings while RHFL’s matters have been legally resolved. Related issues remain sub-judice before the Securities Appellate Tribunal.