The RBI has allowed compounding of Genpact India’s FEMA case, ending litigation with a one-time payment of Rs 4.72 lakh. The ED confirmed the closure, emphasizing the policy of promoting ease of doing business and avoiding frivolous litigation
Activist-lawyer Prashant Bhushan has alleged that numerous emails were exchanged between Jeffrey Epstein and Anil Ambani, adding an Indian angle to the US push to release thousands of pages from the federal Epstein investigation. Ambani is already facing ED probes in India
The Enforcement Directorate conducted raids in Maharashtra and Madhya Pradesh as part of a FEMA probe into Reliance Infrastructure over alleged illegal remittances abroad. The company, facing multiple financial investigations, has denied wrongdoing and cited a court-approved settlement on past exposures
In addition to the company headquarters, searches are also being conducted at Gokulam Gopalan's residence in Neelankarai, Chennai, his hotel 'Gokulam Grand' in Kozhikode, and the Gokulam Mall.
Hyderabad: The Enforcement Directorate (ED) officials were questioning Telangana Rashtra Samithi (TRS) MLA Manchireddy Kishan Reddy for the second consecutive day on Wednesday in connection with a case of alleged violation of Foreign Exchange Management Act (FEMA). The ruling party MLA appeared before the ED officials at the agency’s regional office in Hyderabad. He was […]
Sources said the notice was issued after completion of investigation and the charges include violation of the foreign direct investment (FDI) rules and those that regulate multi-brand retail.
In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Som Parkash said the government has also received representations from the Confederation of All India Traders (CAIT) against e-commerce companies.
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies
Hyderabad: The Enforcement Directorate (ED) has imposed a penalty of Rs 222,44,51,324 on MBS Jewellers Private Limited and Rs 22,24,45,132 penalty on its managing director Sukesh Gupta charging them with violation of the Foreign Exchange and Management Act (FEMA). Sources in ED said MBS Jewellers Private Limited was accused of exporting diamonds to Hong Kong […]
