ED seizes R-Infra bank accounts in FEMA case

The Enforcement Directorate (ED) on Wednesday said it has seized assets worth Rs 54.82 crore belonging to Reliance Infrastructure Limited (R-Infra) under the Foreign Exchange Management Act (FEMA).

- Ashish Singh

According to the ED, its Special Task Force at the headquarters has frozen 13 bank accounts of R-Infra for alleged violations of Section 4 of FEMA. The action stems from an ongoing probe in which Reliance Group chairperson Anil Ambani had also been summoned earlier for recording his statement.