The searches are being carried out in Delhi and Gurugram.
"Friendship with Nirav Modi, Mallya and raid on us?," Delhi Chief Minister and AAP convenor Arvind Kejriwal questioned in a tweet, indicating the raids at the Delhi minister's properties are a political vendetta.
Brisk Infrastructure and Developers Ltd is engaged in construction and real estate development. On the other hand, Corporate International Financial Services Limited is stated to be Non-Banking Financial Company (NBFC).
Further details are awaited.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)