Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Assembly election 2026 results: Congress mulls helping Vijay form ‘secular’ government in Tamil Nadu after he reaches out for support
    Assembly election 2026 results: Congress mulls helping Vijay form ‘secular’ government in Tamil Nadu after he reaches out for support Nation
  • Access Denied
    Access Denied Nation
  • Ragging is corrosive assertion of power, says Madurai High Court Bench
    Ragging is corrosive assertion of power, says Madurai High Court Bench Nation
  • Access Denied
    Access Denied Nation
  • “Babar Sells Cricket In Pakistan”: Ramiz Raja Drops Sponsorship Bomb On PCB
    “Babar Sells Cricket In Pakistan”: Ramiz Raja Drops Sponsorship Bomb On PCB Sports
  • Mumbai Indians’ New Recruit Added To Afghanistan’s Squad For Tests vs Zimbabwe
    Mumbai Indians’ New Recruit Added To Afghanistan’s Squad For Tests vs Zimbabwe Sports
  • Japan says ready to act as yen hits 40-year low
    Japan says ready to act as yen hits 40-year low Business
  • “3 Proposed Criminal Bills Have Flavour Of Indian Soil”: Amit Shah
    “3 Proposed Criminal Bills Have Flavour Of Indian Soil”: Amit Shah Nation
Anil Ambani offers to ‘virtually appear’ before ED in FEMA case

Anil Ambani offers to ‘virtually appear’ before ED in FEMA case

Posted on November 14, 2025 By admin


Industrialist Anil Ambani.
| Photo Credit: PTI

Reliance Group chairman Anil Ambani has offered to appear before the Enforcement Directorate through “virtual means” following summons issued to him under the FEMA for Friday (November 14, 2025).

A statement issued by a spokesperson of the 66-year-old businessman said he has written to the federal probe agency assuring “fully cooperation” in the probe being conducted under the Foreign Exchange Management Act (FEMA).

The agency, according to sources, had asked Mr. Ambani to appear in person on Friday and get recorded his statement under the FEMA.

The investigation pertains to the Jaipur-Reengus Highway Project where the ED suspects that funds worth about ₹100 crore were sent abroad via the hawala route.

The ED has recorded the statement of various persons, including some alleged hawala dealers, following which they decided to summon Mr. Ambani, the sources said.

Hawala denotes illegal movement of funds, largely in cash.

The businessman has once been questioned by the ED in a money laundering case linked to an alleged ₹17,000 crore worth bank fraud against his group companies.

“The matter [FEMA case] is 15 years old, dates to 2010, and concerns issues associated with a road contractor,” the statement said.

In 2010, Reliance Infrastructure Ltd. awarded an EPC contract for the construction of the JR Toll Road (Jaipur-Ringus Highway), it said.

“This was a purely domestic contract with no foreign exchange component involved whatsoever.”

“The JR Toll Road has been fully completed and, from 2021 onwards has been with the National Highways Authority of India (NHAI) for over past four years,” the statement added.

Mr. Ambani is not a member of the Board of Reliance Infrastructure.

“He served the company for about fifteen years, from April 2007 to March 2022, only as a non-executive director, and was never involved in day-to-day management of the company,” it said.

Published – November 14, 2025 11:08 am IST



Source link

Business Tags:anil ambani, anil ambani ed, anil ambani ED FEMA, Jaipur-Reengus Highway Project

Post navigation

Previous Post: IND vs SA 1st Test: Jasprit Bumrah’s mastery helps India take opening day’s honours
Next Post: Pakistan Cricket Board turns down invitation from Bangladesh board to play tri-series

Related Posts

  • Access Denied Business
  • Intel launches next-gen PC chip at CES in Las Vegas
    Intel launches next-gen PC chip at CES in Las Vegas Business
  • Stock markets advance in early trade on buying in realty, utility stocks
    Stock markets advance in early trade on buying in realty, utility stocks Business
  • Cotton farmers oppose Goyal’s U.S. import remarks, warn of price crash
    Cotton farmers oppose Goyal’s U.S. import remarks, warn of price crash Business
  • Access Denied Business
  • Investment Advisers, Research Analysts should disclose AI tool usage to clients: SEBI
    Investment Advisers, Research Analysts should disclose AI tool usage to clients: SEBI Business

More Related Articles

Fire at Indian Oil Corp’s Mathura refinery, eight injured Fire at Indian Oil Corp’s Mathura refinery, eight injured Business
Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1 Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1 Business
Sensex, Nifty tank in early trade amid weak Asian markets, foreign fund outflows Sensex, Nifty tank in early trade amid weak Asian markets, foreign fund outflows Business
Access Denied Business
Rupee falls nine paise to 83.27 against U.S. dollar in early trade Rupee falls nine paise to 83.27 against U.S. dollar in early trade Business
PAC pulls up Railways over gaps in passenger amenities despite promises PAC pulls up Railways over gaps in passenger amenities despite promises Business
SiteLock

Archives

  • September 2026
  • August 2026
  • July 2026
  • June 2026
  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • U.S. military says it killed 4 in strike on alleged drug-smuggling boat in Caribbean
  • Davis Cup: Czechs beat USA to qualify for finals
  • Ed Sheeran set to return to stage after Palestinian controversy
  • Asian Games 2026 opens in Japan with 11,000 athletes competing | LIVE updates
  • Union Home Minister Amit Shah falls ill in Hubballi, skips function

Recent Comments

  1. AlvinNet on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. AlvinNet on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. Jamesslits on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. MichaelClear on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. Jamesslits on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Displaced people return to south Lebanon as ceasefire appears to hold
    Displaced people return to south Lebanon as ceasefire appears to hold World
  • We have been urging the Centre to clear Metro Rail projects for Coimbatore and  Madurai, says Thangam Thennarasu  
    We have been urging the Centre to clear Metro Rail projects for Coimbatore and  Madurai, says Thangam Thennarasu   Business
  • Man Claims ChatGPT Saved His Life By Diagnosing Life-Threatening Illness
    Man Claims ChatGPT Saved His Life By Diagnosing Life-Threatening Illness World
  • Ex Cricketer Azharuddin On Telangana Poll Ticket
    Ex Cricketer Azharuddin On Telangana Poll Ticket Nation
  • Access Denied
    Access Denied Nation
  • CM reviews projects to curb air pollution
    CM reviews projects to curb air pollution Nation
  • Access Denied Business
  • CBIC clarifies on display assembly of mobile phones for levy of 10% import duty
    CBIC clarifies on display assembly of mobile phones for levy of 10% import duty Business

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.