New Delhi, July 24 -- Enforcement Directorateon Thursday raided several premises in Mumbai linked to Anil Ambani days after SBI declared him 'fraud'. Sources close to ED, told LiveMint, around 35 premises, 50 Companies and over 25 persons are being searched under PMLA.

Earlier this week, State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday.

The entities were classified as fraud on June 13, 2025 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj C...