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ED questions Anil Ambani for FEMA violation

ED questions Anil Ambani for FEMA violation

In a developing story, 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.

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

This development comes when Anil Ambani is battling on to save his business empire. 

 

ED questions Anil Ambani for FEMA violation

ED questions Anil Ambani for FEMA violation

In a developing story, 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.

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

This development comes when Anil Ambani is battling on to save his business empire. 

 

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