Daijiworld Media Network - Mumbai

Mumbai, Nov 14: Reliance Group chairman Anil Ambani has expressed readiness to cooperate with the Enforcement Directorate (ED) and has offered to appear virtually after being summoned in connection with a 15-year-old case under the Foreign Exchange Management Act (FEMA).

The inquiry relates to alleged fund movements linked to the 2010 Jaipur–Reengus Highway Project, where the ED suspects nearly Rs 100 crore were sent abroad through hawala channels. Ambani’s spokesperson clarified that the summons pertain solely to a FEMA probe and not to the Prevention of Money Laundering Act (PMLA), as incorrectly reported by some media outlets.

Citing the ED’s own press note dated November 3, 2025, the spokesperson said the matter involves a domestic road construction contract awarded to Reliance Infrastructure Ltd, with no foreign exchange component. Ambani, who served as a non-executive director of the company from April 2007 to March 2022, “had no operational role,” the spokesperson added.

The Jaipur–Reengus project, executed under an EPC contract, was entirely Indian in scope. Reliance Infrastructure maintains that construction was completed and handed over to the NHAI in 2021, leaving “nothing in the project today that could amount to a foreign exchange violation.”

Even as Ambani assures full cooperation and readiness to join the inquiry virtually, ED officials continue probing the suspected hawala-linked fund transfers. The case has once again brought to the fore the scrutiny of past infrastructure contracts and alleged financial irregularities involving major corporate groups.