Anil Ambani Faces ED Summons: What's the Rs 100 Crore Highway Mystery?
Law/Court
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Updated on 14th November 2025, 5:39 AM
Author
Akshat Lakshkar | Whalesbook News Team
Crux:
Anil Ambani, Reliance Group chairman, has requested to appear virtually before the Enforcement Directorate (ED) for an investigation into an alleged Rs 100 crore illegal overseas transfer of funds related to the Jaipur-Reengus Highway Project. He has pledged full cooperation with the Foreign Exchange Management Act (FEMA) probe, while his spokesperson clarified that the original contract was domestic and without foreign exchange elements.
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Detailed Coverage:
Anil Ambani, the chairman of Reliance Group, has formally requested the Enforcement Directorate (ED) to permit him to appear virtually for a scheduled meeting. The summons is part of an ongoing investigation under the Foreign Exchange Management Act (FEMA) concerning allegations of approximately Rs 100 crore being transferred overseas through illegal channels, linked to the Jaipur-Reengus Highway Project. Ambani's spokesperson has issued a statement confirming his intention to fully cooperate with the agency.
A statement clarified that the Foreign Exchange Management Act (FEMA) case dates back to 2010 and pertains to a domestic Engineering, Procurement, and Construction (EPC) contract granted by Reliance Infrastructure Ltd. for the construction of the JR Toll Road. The statement emphasized that this contract had no foreign exchange components, and the completed highway has been under the management of the National Highways Authority of India (NHAI) since 2021. It was also noted that Anil Ambani served as a non-executive director on the board of Reliance Infrastructure Ltd. from April 2007 to March 2022 but currently holds no such position and was not involved in daily operations.
Impact This news could influence investor sentiment towards companies associated with Anil Ambani and the broader Reliance Group, depending on the progress and findings of the Enforcement Directorate's investigation. Rating: 5/10.
Difficult terms explained: Enforcement Directorate (ED): A law enforcement agency of the Government of India responsible for enforcing economic laws and fighting economic crime. Foreign Exchange Management Act (FEMA): An Indian law enacted to consolidate and amend the law relating to foreign exchange management. EPC Contract: Engineering, Procurement, and Construction contract, where a single contractor handles the design, procurement, and construction of a project. Hawala: An unlawful system of transferring money, often involving cash transactions, that bypasses official banking channels.
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