The Enforcement Directorate (ED) on 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 and seized foreign currency worth Rs 6 lakh, officials said.
They said the action by the central probe agency came after it registered a criminal complaint Tuesday under the Prevention of Money Laundering Act (PMLA) in the alleged payment default case.
Searches were being conducted at the “residential premises of key officials” linked to the erstwhile management of Infrastructure Leasing and Financial Services (ILFS), including its former chairman Ravi Parthasarathy and few others, they said.
