Overview
- Ambani did not appear before the Enforcement Directorate on November 17, his second no-show after missing a November 14 summons.
- His spokesperson said he is ready to have his statement recorded via video conferencing or a recorded video at any time, a request the ED has declined in favor of a physical appearance in Delhi.
- Investigators allege about Rs 40 crore was siphoned from the highway contract through Surat-based shell firms to Dubai, which they link to a wider hawala network estimated at over Rs 600 crore.
- The ED says it has recorded statements from several individuals, including alleged hawala operators, as part of the FEMA proceeding, which is civil in nature and runs alongside related PMLA probes.
- Recent enforcement actions include provisional attachments totaling about Rs 7,545 crore tied to Reliance group cases, while Ambani’s camp maintains the project was a purely domestic contract and notes he served as a non-executive director without day-to-day control.