Mumbai: A day after Reliance Anil Dhirubhai Ambani Group (ADAG) chairman Anil Ambani’s statement was recorded in connection with a FEMA case, his wife Tina Ambani appeared before ED at their office in Mumbai on Tuesday.
The investigation against the couple pertains to the possession of certain alleged undisclosed assets abroad and linked movement of funds, PTI quoted sources as saying.
According to reports, the industrialist allegedly brought huge money (around Rs 2,000 crore) to India around 2007 in the form of foreign direct investment (FDI) in his companies by showing that the loans were raised abroad. The money was sent abroad around 2015, showing it as repayment. The ED is investigating if the money was brought in as loan or FDI, besides whether Anil Ambani is holding the money abroad that was repaid to offshore firms.
In August last year, the income-tax department issued a notice to 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.
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