ED raids Reliance Communications Office in Money Laundering Probe

The Enforcement Directorate (ED) conducted a search and seizure operation at the offices of Reliance Communications Limited in Navi Mumbai on July 24, 2025. The company confirmed the action in a formal filing to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 25.

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The raid took place at H Block and B Block of Dhirubhai Ambani Knowledge City, which houses the corporate headquarters of Reliance Communications. The operation was carried out under Section 17(1) of the Prevention of Money Laundering Act, 2002.

As part of the search, the ED seized two laptops and email records belonging to the Chief Financial Officer and the Company Secretary. The company clarified that no interim or final order was issued by the ED prior to the raid. The exact nature of the suspected violations has not been disclosed at this stage.

In its statement, Reliance Communications said that the ED action will not impact its financial or operational activities. The company is already undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

Since June 2019, its operations and assets have been under the control of a court-appointed Resolution Professional, Mr. Anish Niranjan Nanavaty. This process provides the company certain legal protections while efforts are made to resolve its outstanding debts.

The company stated that it continues to function normally and has complied with its obligations to disclose material developments under the Securities and Exchange Board of India’s regulations.

The ED has not yet issued a public statement on the raid or revealed further details about the investigation. The seizure under the money laundering law indicates that authorities are examining whether any financial transactions made by the company involved the use of illegal funds.

About the Company

Reliance Communications Limited was once among India’s top private telecom providers and part of the Anil Dhirubhai Ambani Group. The company struggled financially after the rapid consolidation of the telecom sector, high debt burdens, and fierce competition, especially following the entry of Reliance Jio.

In recent years, RCOM has been largely non-operational in the consumer telecom space. Its tower and fibre assets have been sold to repay lenders. The company’s insolvency resolution has been delayed multiple times, and efforts are ongoing to find a suitable resolution plan. As of mid-2025, creditors are still awaiting significant recoveries, and the company’s shares remain under trading restrictions.

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