Anil Ambani, chairman of the Reliance Group, who was scheduled to appear before the Enforcement Directorate (ED), requested the agency to allow him to appear by virtual means. Ambani wrote to ED to fully cooperate on all matters.
A spokesperson for Ambani said that the ED summoned him in connection with a Foreign Exchange Management Act (FEMA) inquiry and not PMLA as multiple reports suggested. The spokesperson said that the FEMA matter pertains to a case relating to the Jaipur-Reengus Highway Project. Advertisement
“The matter is 15 years old, dates to 2010, and concerns issues associated with a road contractor. In 2010, Reliance Infrastructure Ltd. awarded an EPC contract for the construction of the JR Toll Road (Jaipur–Ringus Highway). This was a purely domestic contract with no for

Business Today

Northlines
Daijiworld.com
Post Register
Newsweek Top
The Texas Tribune Crime
Deadline
ESPN Cricket Headlines