Click to play videoMumbai: The Anil Dhirubhai Ambani Group has denied that it “smuggled” a luxurious yacht into Indian waters.
The luxury yacht 'Tian' - believed to be a gift by Anil Ambani to his wife - was seized by the Customs department in February for alleged tax evasion.
But the ADAG claims that the yacht was not imported and that it is a ship with foreign flag which can sail in international as well as Indian waters.
The yacht was purchased by Ammolite Holdings, an associate of ADAG, last October. It has been chartered by Reliance Transport and Travels Ltd, another ADAG company.
On May 6, the Bombay High Court adjourned the hearing of petition challenging seizure of the yacht.
Division bench of Justices F I Rebello and J H Bhatia will hear the ADAG lawyer on on Friday.
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