The Enforcement Directorate on Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis, officials said. They said the residences and offices of at least four directors of the firm are being raided. The central agency had first carried out searches in this case in February after it filed a criminal case under the Prevention of Money Laundering Act (PMLA).from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2wdhLmc
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