Anil Ambani appears before ED in FEMA case

Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai. File

Reliance ADA Group Chairman Anil Ambani on July 3 appeared before the Enforcement Directorate (ED) in Mumbai in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said.

Mr. Ambani, 64, deposed at the office of the federal agency in the Ballard Estate area to record his statement in the case, registered under various sections of the Foreign Exchange Management Act (FEMA), they said.

Further details of the case in which Mr. Ambani was summoned were not immediately known.

The industrialist had appeared before the ED in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.