ED raids against people linked to Reliance Power; company denies
New Delhi (PTI): The Enforcement Directorate on Friday conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against entities linked to Reliance Power Ltd., a group company of businessman Anil Ambani, officials said.
Reliance Power denied that the federal probe agency raided any of its offices or premises.
About 10-12 locations linked to the said company and its executives are being searched in Mumbai and Hyderabad, the officials said.
About 15 teams of the agency are undertaking the action, they said.
Reliance Power said in a statement furnished to the stock exchanges that "to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company."
The ED is investigating multiple companies linked to Anil Ambani as part of an alleged bank fraud linked money laundering case apart from financial irregularities under the Foreign Exchange Management Act (FEMA).
Ambani, 66, has been questioned twice by the ED under the anti-money laundering law as part of this investigation.
The ED has formed a special investigation team (SIT) to probe the cases against Ambani's group companies on the directions of the Supreme Court.
According to information furnished by the ED to the apex court, it has filed three money laundering cases against the Anil Dhirubhai Ambani Group (ADAG) to investigate charges of bank loan fraud and other financial irregularities.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Mangaluru police flag fake ‘sea breeze marathon’ Instagram campaign, urge public caution
Mangaluru: Police have flagged a fake marathon campaign being widely circulated on Instagram under the name “Sea Breeze Marathon” and warned the public against falling prey to a suspected cyber fraud network.
The purported post, which began circulating on April 3, claims to offer prize money of Rs 2.51 lakh for a 5 km race, Rs 3.5 lakh for a 10 km race, and Rs 5 lakh for a 21 km race. It also urges participants to register in advance. However, officials have clarified that no such marathon has been organised in Mangaluru.
The poster also promises to provide participants with free sports shoes, goodies bags and refreshments, in order to lure people.
Police suspect that the poster is part of a cyber fraud attempt designed to lure users into registering through fraudulent links.
Commissioner Sudheer Kumar Reddy cautioned that registering through such links could lead to mobile phone hacking and financial loss.
The campaign is also being amplified through a viral video featuring songs from popular movies, along with visuals of people participating in marathons, allegedly sourced from existing footage, giving the content a sense of authenticity and misleading people.
When Vartha Bharati conducted a reverse image search, the video was traced back to marathons held in Mumbai, further confirming that the circulating content is not related to any event in Mangaluru.
Speaking to Vartha Bharati, Commissioner Reddy confirmed that the campaign is fake and that no organisation has approached authorities seeking permission for conducting a marathon, including traffic or road clearances.
“So far, no complaint has been lodged, and no victim of the campaign has been reported,” he said.
