Foreign property deal, money trail put Tina Ambani at centre of ED investigation

The Enforcement directorate (ED) is likely to issue a fresh summons to Tina Ambani in connection with an ongoing money laundering case after she failed to appear for questioning earlier, according to reports. 

The case is reportedly linked to the purchase of a luxury condominium in Manhattan, New York, USA. The ED is examining the financial transactions related to the property to find out whether illegal funds were used in the deal.

Investigators are currently focusing on tracing the money trail to identify the source and movement of funds.

Tina Ambani was earlier asked to appear before the ED on Monday to record her statement. However, she did not attend the interrogation. After this, the agency decided to summon her again so that her role and knowledge of the transactions can be properly examined.

As part of the same probe, the ED recently arrested Puneet Garg, the former president of Reliance Communication (RCom). He is being questioned regarding his alleged involvement in financial irregularities linked to the case. Officials believe his statement could provide important information about the flow of money.

In addition, the ED has formed a Special Investigation Team (SIT) to investigate multiple cases of alleged bank fraud and financial misconduct involving the Anil Dhirubhai Ambani Group (ADAG). This move was taken following directions from the Supreme Court to ensure a thorough and focused investigation.

Officials said the investigation is still at an early stage and more summons may be issued as the probe continues. The ED stated that future action will depend on the evidence collected and the response received from Tina Ambani during questioning.