New Delhi/IBNS: The Enforcement Directorate (ED) on Thursday raided 35 premises linked to industrialist Anil Ambani in Delhi and Mumbai in connection with a money laundering case, media reports said.

Two First Information Reports (FIRs) registered by the Central Bureau of Investigation (CBI) have alleged large-scale financial irregularities.

A "well-planned and thought-out scheme to siphon off public money by cheating banks, shareholders, investors and other public institutions" has been revealed by the ED's preliminary investigation, NDTV reports.

The report claims senior officials including former promoters of Yes Bank Ltd. were given bribes for large unsecured loans.

Yes Bank allegedly sanctioned loans worth Rs. 3,000 crores to the entities under the Reliance Anil Ambani Group.

The ED suspects key Yes Bank officials received individual payments for facilitating irregular loans to the group.

Regulatory and financial bodies like Securities and Exchange Board of India (SEBI), National Housing Bank (NHB), National Financial Reporting Authority (NFRA) have provided the details of irregular loans and their own findings to the central probe agency.