Mumbai: Tina Ambani, wife of Reliance ADA Group chairman Anil Ambani, was questioned by the Enforcement Directorate (ED) on Tuesday in an alleged fore
According to officials, the probe stems from revelations made by International Consortium of Investigative Journalists’s Pandora Papers case, which involves disclosure of offshore investments and assets. Ambani’s alleged links to some offshore companies based in Jersey, British Virgin Islands and Cyprus are under ED scanner. Ambani had also been questioned in March 2020 in a money laundering case involving Yes Bank, along with others. In August last year, the income-tax department issued a notice to Ambani for allegedly evading ₹420 crore in taxes on undisclosed funds of more than ₹814 crore held in two Swiss bank accounts.
Recently, in an unrelated case, the Bombay HC had granted an interim stay on show-cause notice and penalty demand issued to Ambani by the I-T department under the Black Money Act.
An email sent to the ADAG Group on Monday remained unanswered.
ED arrests IREO MD
The ED on Tuesday arrested real estate firm IREO’s managing director Lalit Goyal in a money laundering case linked to alleged bribery of a now-suspended special judge based in Panchkula, official sources said.
m.economictimes.com