<h1>ED searches six premises in two states under FEMA and PMLA probes into alleged ?17,000 crore loan diversion</h1> Enforcement Directorate conducted searches at six premises in two states under a FEMA probe into alleged illegal remittances by a listed infrastructure company within a larger corporate group; the action follows parallel PMLA proceedings into purported collective loan diversion exceeding Rs 17,000 crore by multiple group entities. A securities regulator's report alleges funds were diverted via inter-corporate deposits routed through an undisclosed affiliate not identified as a related party to avoid approvals. The group denies wrongdoing, states its disclosed exposure is around Rs 6,500 crore, and says it reached a mediated settlement to recover that exposure.