The Enforcement Directorate has launched a FEMA-related investigation into Vedanta Group, conducting searches at its offices in Delhi, Mumbai and Udaipur. The probe reportedly examines foreign exchange transactions involving brand fees, while the company says it is fully cooperating with authorities
The Enforcement Directorate conducted searches at Vedanta Group premises in Delhi and Mumbai under FEMA over alleged brand fee payments to its parent company. The probe involves examining financial records for compliance, while Vedanta says it is fully cooperating with authorities
Vedanta’s takeover of debt-ridden Jaiprakash Associates with a Rs 17,000 crore bid has raised doubts over the timely completion of the SLBC tunnel, the world’s longest irrigation tunnel, already delayed by a roof collapse and geological challenges.
In its April 10 order, the top court had also allowed the evacuation of the remaining gypsum at the plant and making available the required manpower as requested by the company.