The Enforcement Directorate (ED) conducted searches at locations linked to Ramesh Abhishek, former Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) and ex-chairman of the Forward Markets Commission (FMC). This action follows a Central Bureau of Investigation (CBI) probe initiated after a First Information Report (FIR) was filed in February, where Mr. Abhishek and his daughter Vaneesa Abhishek were named. Allegations include receipt of significant consulting fees from entities Mr. Abhishek dealt with during his tenure and substantial increases in business income post-retirement.