The Directorate of Enforcement (ED) has initiated a foreign exchange “violation” investigation against global mining conglomerate Vedanta Group and conducted searches at its premises, officials said on Tuesday.
It is understood that the raids were launched against the business house, promoted by billionaire Anil Agarwal, on Tuesday (June 2, 2026).
On the ED searches, the Vedanta spokesperson said “We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage.”
The ED officials said “Premises located in Delhi and Rajasthan apart from some other locations have been covered.”
The investigation is being conducted under the civil provisions of the Foreign Exchange Management Act (FEMA), they said.
Vedanta Ltd is a leading global producer of metals, critical minerals and technology. The company has operations across India, Africa, the West Asia and East Asia.
(With inputs from PTI)
Published - June 02, 2026 10:20 am IST
Source: The Hindu - India News
