Foreign exchange violation: After Anil Ambani, wife Tina appears before ED

Foreign exchange violation: Tina Ambani, the wife of Reliance ADA Group chairman Anil Ambani, appeared before the Enforcement Directorate in Mumbai on Tuesday in connection with a probe into alleged violations of the foreign exchange law. The allegations are said to be connected to the Pandora Papers case.

Earlier on Monday, Anil Ambani appeared before the probe agency in Mumbai's Ballard Estate area to record his statement. The case has been registered under various sections of the Foreign Exchange Management Act (FEMA).

In 2020, the industrialist appeared before the ED in a money laundering investigation against Yes Bank promoter Rana Kapoor and others.

The income-tax department sent a notice to Ambani in August last year under the anti-black money law for allegedly avoiding 420 crores in taxes on undisclosed funds totalling more than 814 crores stored in two Swiss bank accounts.

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