<h1>ED seizes Reliance Infrastructure accounts amid allegations of FEMA violations and hawala-linked cross-border fund remittances.</h1> Enforcement action targets alleged Foreign Exchange Management Act contraventions where project funds were siphoned via sham subcontracting to Mumbai shell entities, layered through additional shell companies, and remitted to UAE and Hong Kong accounts as purported diamond imports without matching goods or documentation; authorities link the remittances to international hawala networks and report resulting financial stress in SPVs, loan deterioration into NPAs, and losses to lenders, prompting liens and seizures on company bank accounts.