New Delhi [India],February 17 (ANI): Tina Ambani, spouse of industrialist Anil Ambani, on Tuesday once more skipped Enforcement Directorate summons in a money-laundering probe for the second consecutive time inside a month.
She was summoned by the ED to seem for a cash laundering investigation, however did not report back to the company’s headquarters. Earlier, she skipped the February 9 investigation regardless of being known as for examination.
Officials mentioned a contemporary summons shall be served to her very quickly. The 68-year-old former actor was known as in for questioning in reference to a cash path linked to the acquisition of a luxurious condominium in Manhattan, New York.
The transfer comes a month after the ED hooked up property price Rs 1,885 crore ofthe Reliance Anil Ambani Group. In the operation, the company hooked up a number of properties, together with financial institution balances, receivables, shareholding in unquoted investments, and immovable properties.
The attachments had been made in relation to Reliance Home Finance Limited, Reliance Commercial Finance Limited, the Yes Bank alleged fraud case, and the Reliance Communication Limited Bank fraud case.
The ED had earlier additionally hooked up properties price over Rs 10,117 crore within the financial institution fraud circumstances of Reliance Communications Ltd. (RCOM), Reliance Commercial Finance Ltd., and Reliance Home Finance Ltd. Therefore, Cumulative Group Attachment has reached Rs 12,000 Crore (roughly).
ED has detected fraudulent diversion of public cash by numerous Reliance Anil Ambani group firms, together with Reliance Communications Ltd, Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), Reliance Infrastructure Ltd (RIL) & Reliance Power Ltd (RHFL).
During 2017-2019, ED has mentioned, Yes Bank invested Rs 2,965 crore in RHFL devices and Rs 2,045 crore in RCFL devices. By December 2019, these turned non-performing investments. The excellent was Rs 1,353.50 crore for RHFL and Rs 1,984 crore for RCFL. ED’s investigation within the case of RHFL and RCFL reveals that RHFL and RCFL obtained public funds of greater than Rs 11,000 crore. Before investing this cash in Reliance Anil Ambani Group firms, Yes Bank had obtained substantial funds from the erstwhile Reliance Nippon Mutual Fund.
ED has additionally initiated an investigation primarily based on an FIR registered by the CBI underneath numerous Sections of the Indian Penal Code, 1860, and the Prevention of Corruption Act, 1989, in opposition to RCOM, Anil Ambani, and others. RCOM and its group firms availed loans from home and international lenders from 2010-2012 onwards, of which a complete of Rs. 40,185 Crore is excellent. 9 banks have declared the Group’s mortgage accounts fraudulent.
ED investigation revealed that loans taken by one entity from one financial institution had been used to repay loans taken by different entities from different banks, to make transfers to associated events, and to spend money on mutual funds, in contravention of the phrases and circumstances of the sanction letter for the loans. In explicit, RCOM and its group firms diverted over Rs 13,600 crore for evergreening of loans; over Rs 12,600 Crore was diverted to related events and over Rs 1,800 Crore was invested in FDs/MFs and so forth., which was considerably liquidated for rerouting to group entities.
Significant misuse of invoice discounting to funnel funds to related events has additionally been detected by the ED. Certain loans had been siphoned off exterior India by international outward remittances.
ED is actively pursuing perpetrators of monetary crimes and is dedicated to restituting Proceeds of Crime to their rightful claimants. (ANI)