ED Raids Ashok Mittal's Entities
Analysis based on 15 articles · First reported Apr 15, 2026 · Last updated Apr 15, 2026
The raids on Ashok Mittal's entities could negatively impact the reputation and potentially the financial standing of the Lovely Group and Lovely Professional University due to the ongoing FEMA probe. This event also highlights potential political tensions, as the India===Aam Aadmi Party views the raids as politically motivated.
The India===Enforcement Directorate conducted raids at business entities and residential premises linked to Ashok Mittal, an India===Aam Aadmi Party Rajya Sabha MP and head of the Lovely Group, in India===Punjab and Haryana. The action is part of a Foreign Exchange Management Act, 1999 (FEMA) probe, specifically looking into certain overseas financial transactions of educational institutions like Lovely Professional University, Tetr College of Business, and Masters Union College of Business. Ashok Mittal was recently appointed deputy leader of the India===Aam Aadmi Party in Rajya Sabha. India===Punjab_Chief_Minister_Bhagwant Mann and India===Aam Aadmi Party national convenor Arvind Kejriwal condemned the raids, suggesting they are politically motivated ahead of upcoming Assembly elections.
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