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ED raids many locations in Delhi NCR & Mumbai over IL&FS default case

Raid has been conducted in many locations in Delhi NCR and Mumbai on Wednesday by the Enforcement Directorate in the IL&FS payment default crisis. The ED has registered the case under the Prevention of Money Laundering Act and search is being done against the executives linked to the Infrastructure Leasing and Financial Services. The company is having a total debt of over Rs 91,000 crore.