Tina Ambani, wife of businessman Anil Ambani, has today joined the investigation into potential foreign exchange irregularities. A day after Anil Ambani was questioned by the investigation agency, veteran actor Tina Ambani appeared before Enforcement Directorate (ED) investigators today.
According to sources, this is a brand-new complaint under the Foreign Exchange Management Act (FEMA), 1999, filed in relation to investments in Mr. Ambani’s firms and also undeclared assets in foreign countries.
Reliance Anil Dhirubhai Ambani Group’s (ADAG) chairman is Anil Ambani.Rana Kapoor, the promoter of Yes Bank, and other people were accused of money laundering, and Anil Ambani, 64, had previously testified before the Enforcement Directorate in that matter.
According to the anti-black money statute, the Income-Tax Department served Anil Ambani with a notice in August of last year for allegedly avoiding paying 420 crores in taxes on undeclared funds worth more than 814 crores stored in two Swiss bank accounts.
Mr. Ambani received reprieve from the Bombay High Court in September when it ordered the Income Tax department not to pursue any coercive measures against him.
Anil Ambani was accused of “willful evasion” by the income tax department after it claimed that he “intentionally” withheld information about his foreign bank accounts from tax officials.