Anil Ambani’s wife Tina appears before ED in FEMA case

Anil Ambani is the chairman of Reliance Anil Dhirubhai Ambani Group (ADAG).

He had earlier 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 had issued a notice to Anil 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.

The Bombay High Court in September gave relief to Ambani, asking the I-T department not to take any coercive action against him.

The income tax department had charged Anil Ambani with “willful evasion” saying he “intentionally” did not disclose his foreign bank account details to authorities.