The Enforcement Directorate (ED) has intensified its investigation into the Anil Ambani Group, launching a new probe into a Rs 68.2 crore fake bank guarantee scam linked to Biswal Tradelink Pvt Ltd. On Thursday, ED conducted searches at four locations—three in Bhubaneswar and one in Kolkata—targeting the obscure firm suspected of running a shell company network and issuing forged bank guarantees for commissions.

Biswal Tradelink allegedly issued a fraudulent bank guarantee to the Solar Energy Corporation of India (SECI), charging an 8% commission. The scam involved a spoofed domain, s-bi.co.in, mimicking the State Bank of India’s official site, to send deceptive emails. ED officials recovered evidence showing the network used Telegram’s disappearing message feature to evade detection.

The probe, part of a broader crackdown on financial irregularities involving Ambani’s group, underscores the sophisticated tactics used to perpetrate the fraud, with further investigations ongoing to uncover the full extent of the network.

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