The multi-location searches were carried out at nine premises in Mumbai and Hyderabad under the provision of the Prevention of Money Laundering Act (PMLA), officials said.
The agency’s search operation covered the offices of the GVK group, MIAL and the premises of GVK group promoters, they said.
The ED had filed an Enforcement Case Information Report (FIR IN police parlance) on July 7 under the PMLA after taking cognisance of a recent CBI FIR filed against the same set of individuals and entities as money laundering is a predicate offence.
The ED is probing if genuine funds were laundered to create “proceeds of crime” and amass personal assets by illegal routing of funds by the accused.
