The RBI has compounded FEMA violations by Kakinada Seaports Limited after the Enforcement Directorate issued a no-objection certificate. The company paid Rs 21.68 lakh, leading to the closure of adjudication proceedings and termination of further litigation.
The searches confirmed the ‘bogus nature’ of Vigilance Security Services Pvt. Ltd. which was found ‘non-existent’ at its declared addresses, the ED said.
New Delhi: The Enforcement Directorate (ED) on Monday denied the allegations made by Xiaomi India stating that the statements of its officials were taken under coercion as “untrue” and “baseless”. “ED denies allegations made by Xiaomi India that statements of its officials were taken under coercion as untrue and baseless,” the probe agency said in […]
