- July 4, 2023
Anil: Appear for quizzing later this week: ED to Anil Ambani, wife | India News – Times of India
NEW DELHI: The ED has asked troubled industrialist Anil Ambani and wife Tina Ambani to appear before its team in Mumbai again later this week to face questions about their alleged overseas assets and investments in tax havens.
Ambani appeared before the agency on Monday but has been asked to face the investigators again since he, sources claimed, was found to be “evasive”. Tina Ambani, who had also been asked to appear before the ED team on Monday but sought exemption until later this week, has also been issued fresh summons.
ED is currently probing offshore investments and assets allegedly linked to Anil Ambani and his wife Tina for violations of Foreign Exchange Management Act (FEMA). Sources said the investigators would try to confront the couple with details of their investigations into a few offshore entities.
Some of the ADAG companies are facing insolvency proceedings The I-T department has also been separately investigating his offshore companies and alleged tax evasion under the Black Money Act. A prosecution complaint filed under the Black Money Act can become valid ground to register an investigation under PMLA.
In 2020, Anil was questioned by ED in a money laundering case registered against Yes Bank and its former chairman Rana Kapoor. The agencydid not pursue the matter beyond the Yes Bank bribery case as he was not mentioned in the FIR against Kapoor.
Ambani appeared before the agency on Monday but has been asked to face the investigators again since he, sources claimed, was found to be “evasive”. Tina Ambani, who had also been asked to appear before the ED team on Monday but sought exemption until later this week, has also been issued fresh summons.
ED is currently probing offshore investments and assets allegedly linked to Anil Ambani and his wife Tina for violations of Foreign Exchange Management Act (FEMA). Sources said the investigators would try to confront the couple with details of their investigations into a few offshore entities.
Some of the ADAG companies are facing insolvency proceedings The I-T department has also been separately investigating his offshore companies and alleged tax evasion under the Black Money Act. A prosecution complaint filed under the Black Money Act can become valid ground to register an investigation under PMLA.
In 2020, Anil was questioned by ED in a money laundering case registered against Yes Bank and its former chairman Rana Kapoor. The agencydid not pursue the matter beyond the Yes Bank bribery case as he was not mentioned in the FIR against Kapoor.
