New Delhi: Industrinist Anil Ambani appeared on Tuesday before the Directorate of recovery (ED) in connection with the alleged case of abuse of the fund, two people who were aware of the development.
The agency, which examines money washing and violations of foreign exchange law, investigates the alleged departure of funds from the Reliance infrastructure to the related side without sufficient publication. The company said last week that this exhibition was £6,500 Crore and that it revealed this matter in February itself.
Infrastructure Reliance claims that she carefully monitored her fees and, through a compulsory mediation proceedings made by the Supreme Court of the Supreme Court in the retirement and the mediation priced before the Bombay High Court, the company has settled to obtain issuance. £6 500 crore.
Anil Ambani was not on the Reliance Infrastructure since March 2022.
Questions E -mail E -Mail Anil Ambani’s Reliance Group and the Ministry of Finance on Tuesday, searching for their comments for the latest development remained unanswered at the time of publication of this report.
A wider investigation is taking place
The news agency did not even report that Ambani was asked to appear before the investigators in connection with the probe on suspicion of financial discrepancies and possible violations under the Money washing Act. The probe agency examines the role of various entities and individuals associated with the case, nor said.
In May 2020, the Ministry of Business Affairs advanced to the issue of resignation of Price Waterhouse & Co Chartered Accountants LLP (PW) as auditors of some group companies without issuing an audit for FY19, the National Financial Exparenation Office (NFRA).
The NFRA looked at audits performed by auditors named in the case of Reliance Home Finance Ltd, Reliance Commercial Finance LTD and Reliance Capital LTD and penalized auditors for alleged professional misconduct, showed the Office’s orders.
Reliance infrastructure provides engineering and construction services for energy, roads, metro and other infrastructure sectors. It is also involved in the implementation, operation and maintenance of several projects in the field of defense sector and infrastructure through its special special -purpose vehicles, the company said on its website.
It was carried out by the Mumbo Metro Line One and is also an auxiliary company that has the presence across the value chain of energy enterprises, the company said.
Ed previously issued a lookout tower against Amban and sought its presence for recording his statement according to PML, Hindustan Times informed 1 August.
The financial crime agency also made a search in the premises of several companies of group and people, including Reliance Anil Dhirubhai Ambani Group Companies.
(Tagstotranslate) Reliance Group
