The Enforcement Directorate’s Kolkata unit searched premises linked to Hyderabad-based AMR India Limited in Hyderabad on Friday as part of a money-laundering investigation connected to alleged irregular loans involving SREI Infrastructure Finance and SREI Equipment Finance, according to the Times of India report. The searches were conducted under the Prevention of Money Laundering Act across multiple cities.
ED officials searched AMR India Limited’s registered office in Kamalapuri Colony, Hyderabad. The wider operation also covered locations in Kolkata, Chennai and Bengaluru, with premises linked to Odisha-based ARSS Group and its associated entities among those searched, the report said.
The investigation concerns allegations that loans obtained from SREI Infrastructure Finance Ltd and SREI Equipment Finance Ltd were fraudulently or irregularly secured and subsequently not repaid. The agency is examining suspected evergreening of loans, diversion of funds and round-tripping, according to sources cited in the report.
AMR India Limited is promoted by Hyderabad-based industrialist A Mahesh Reddy and his family. The company’s activities include mine development and operation, contract mining, irrigation projects, road construction, civil construction and industrial infrastructure. Its registered office is located in Kamalapuri Colony, where the Hyderabad search took place.
The searches form part of an investigation involving SREI and related entities. The available report does not state whether the agency made any seizures, recorded statements or arrested any individual during Friday’s operation. It also does not indicate the total number of premises searched or provide details of the alleged transactions under examination beyond the suspected loan irregularities.
The action is not the first time premises linked to the AMR group have come under ED scrutiny. On February 8, 2022, ED teams from Delhi and Hyderabad searched the Hyderabad office of AMR Mining in a separate action connected to a reported transaction of ₹60 crore in a Jammu and Kashmir-linked matter.
An ED search is part of an ongoing investigation and does not by itself establish criminal liability. Further details will depend on the agency’s subsequent filings, statements or other official disclosures in the SREI-linked case.
