Anil Ambani's Wife Tina Appears Before ED In Forex Violation Case

Industrialist Anil Ambani's wife Tina appeared before the Enforcement Directorate (ED) officials on Tuesday, in an alleged case filed under the Foreign Exchange Management Act (FEMA), 1999.

The investigation against Anil Ambani and Tina pertains to the possession of certain alleged undisclosed assets abroad and linked movement of funds.

On Monday, Ambani, 64, deposed at the office of the federal agency in south Mumbai. The ED recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law.

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

The industrialist had appeared before the ED 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 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.