The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said.
They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) in the alleged payment default case and searches were being conducted at the residential locations of executives linked to the Infrastructure Leasing and Financial Services (ILFS) including its former chairman Ravi Parthasarathy and few others.
The raids are on in Mumbai and locations in Delhi and the national capital region (NCR) including Gurugram, they said.
