This Article is From Jul 03, 2023

Anil Ambani Questioned In Foreign Exchange Violation Case: Sources

Anil Ambani had reached the offices of the Enforcement Directorate in Mumbai at 10 am and left after recording his statement, sources said.

Mumbai:

Industrialist Anil Ambani was questioned by the Enforcement Directorate today in an alleged case filed under the Foreign Exchange Management Act (FEMA), 1999, sources said. The chief of Reliance Group  had reached the offices of the agency in Mumbai at 10 am and left after recording his statement.

Sources said this is a fresh case connected to investments in his companies.

Mr Ambani, 64, had appeared before the Enforcement Directorate in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.  

In August last year, the Income-Tax Department issued a notice to him 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.

In September last year, the Bombay High Court gave relief to Mr Ambani in connection with an alleged tax evasion case to the tune of Rs 420 crore, asking the Income Tax department not to take any coercive action against him.

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