Anil Ambani's wife Tina appears before ED in FEMA case

Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, on Tuesday, appeared before the Enforcement Directorate (ED), a day after Anil Ambani was called to record his statement in regards to foreign exchange law, official sources said.

Anil Ambani recorded his statement in the case yesterday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the federal agency again later this week for completion of the exercise.

The investigation against the Ambanis pertains to the possession of certain alleged undisclosed assets abroad and linked movement of funds, the sources said.


Anil Ambani's alleged links to some offshore companies based in Jersey, the British Virgin Islands and Cyprus are under the probe scanner of the ED.

The ED during its investigation of a money laundering probe into the Yes bank scam had summoned Ambani along with other borrowers such as Subhash Chandra, Naresh Goyal, Gautam Thapar, Sameer Gehlaut, and Peter Kerkar and others in March 2020.

In August last year, the income-tax department issued a notice to Anil Ambani under the anti-black money law for allegedly evading Rs 420 crore in taxes on undisclosed funds of more than Rs 814 crore held in two Swiss bank accounts.

However, the Bombay High Court (HC) granted an interim stay on the show-cause notice and penalty demand issued to Ambani by the Income Tax department under the Black Money Act.

(With inputs from PTI)