ED Raids Ashok Mittal's Businesses
Analysis based on 7 articles · First reported Apr 15, 2026 · Last updated Apr 15, 2026
The raids by the India — Enforcement Directorate on business entities linked to Ashok Mittal and Lovely Group could lead to increased scrutiny on businesses associated with political figures in India, potentially affecting investor confidence in such ventures. The negative sentiment surrounding Ashok Mittal may also have a minor impact on the India — Aam Aadmi Party's public image.
The India — Enforcement Directorate conducted raids on Wednesday at multiple business entities linked to Ashok Mittal, a Rajya Sabha MP for the India — Aam Aadmi Party and head of the Lovely Group, in Punjab. The action is part of a Foreign Exchange Management Act (FEMA) probe. Searches were carried out in Jalandhar, Phagwara, and other locations. Ashok Mittal was recently appointed deputy leader of the India — Aam Aadmi Party in Rajya Sabha.
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