Daijiworld Media Network - Mumbai

Mumbai, Nov 14: Reliance Group chairman Anil Ambani has expressed readiness to cooperate with the Enforcement Directorate (ED) and has offered to appear virtually after being summoned in connection with a 15-year-old case under the Foreign Exchange Management Act (FEMA).

The inquiry relates to alleged fund movements linked to the 2010 Jaipur–Reengus Highway Project, where the ED suspects nearly Rs 100 crore were sent abroad through hawala channels. Ambani’s spokesperson clarified that the summons pertain solely to a FEMA probe and not to the Prevention of Money Laundering Act (PMLA), as incorrectly reported by some media outlets.

Citing the ED’s own press note dated November 3, 2025, the spokesperson said the matter involves a domestic road constructio

See Full Page