Tag: FEMA
12 Results
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CAIT welcomes Delhi HC’s order of holding Amazon liable for violation of FEMA, FDI policy
It has been rightly held that Amazon acquired control of Future Retail by virtue of its arbitrary dominance in Future Coupon Limited and in the absence of any Government approval, it is contrary to FEMA & FDI rules, according to CAIT.
December 22, 2020 -
RBI should disclose the list of defaulters: Congress
Many cooperative banks, especially in Gujarat, are not disclosing the list of defaulters. The government is favouring its crony capitalist friends. Why is the government not directing the RBI to disclose the information?
April 28, 2019 -
Hurriyat leader Geelani booked under FEMA, fined for illegal possession of foreign currency
ED sources also said the probe agency will impose a penalty and confiscate the illegal acquisition of foreign exchange recovered from J-K separatist leader Yasin Malik.
March 22, 2019 -
Noted Pakistani singer Rahat Fateh Ali issued notice by ED
According to the DRI sources, Khan was paid in Indian rupees and dollars for his shows in India.
January 30, 2019 -
Karnataka’s mining baron Reddy arrested in Ponzi case
His arrest comes a day after he (Reddy) drove to the CCB office on Saturday evening in response to its summons in the Ponzi case.
November 11, 2018 -
PNB rubbishes Nirav Modi’s story
Hitting back at Nirav Modi’s claims that the public sector Punjab National Bank (PNB) closed all recovery options to their dues by going public, the bank on Thursday said it has followed lawful legal avenues to recover its dues. PNB in a clarification to stock exchanges said, “We have followed lawful avenues available to us …
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February 23, 2018 -
Sanjay Bhandari’s Rs. 26 Cr. assests seized by the Enforcement Directorate
The Enforcement Directorate (ED) today said it has seized assets worth Rs 26.61 of controversial arms dealer Sanjay Bhandari and others for alleged violation of the FEMA law. It said it has seized the properties “in lieu of undisclosed assets held abroad by him” and the action has been carried out under section 37A of …
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December 27, 2017 -
ED arrests Delhi man in Rs 5,000 crore money laundering case
The Enforcement Directorate on Wednesday arrested prominent businessman Gagan Dhawan in connection with a money laundering probe into an over Rs 5,000 crore alleged bank fraud case, officials said. An official of the financial probe agency told IANS that Dhawan was arrested from his south Delhi residence in a case involving bank fraud of over …
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November 1, 2017 -
Texas Governor hails Senate’s aid of $15 bn for Harvey funding
Texas Governor Greg Abbott has hailed the US Senate’s approval of a $15.25 billion hurricane Harvey fund to the state. “The response by the federal government has been swift and effective, and the passage of a bill allocating an initial down payment for recovery and rebuilding is a continuation of their assurances to stand firm …
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September 8, 2017 -
ED raids 300 shell companies across 16 states
In one of its biggest crackdowns on shell companies, the Enforcement Directorate (ED) on Saturday conducted simultaneous countrywide raids on around 110 premises and 300 shell companies that were suspected to be involved in dubious and illegal transactions during demonetisation, officials said. The operation was carried out across 16 states with multiple teams of the …
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April 1, 2017 -
ED raids 300 shell companies across 16 states
In one of its biggest crackdowns on shell companies, the Enforcement Directorate (ED) on Saturday conducted simultaneous countrywide raids on around 110 premises and 300 shell companies that were suspected to be involved in dubious and illegal transactions during demonetisation, officials said. The operation was carried out across 16 states with multiple teams of the …
Continue reading "ED raids 300 shell companies across 16 states"
April 1, 2017 -
ED registers FEMA case in Rs.22 cr fraud claim in Air Asia
The Enforcement Directorate (ED) has registered a forex violation case to probe ousted Tata Group Chairman Cyrus Mistry’s allegation that fraudulent transactions of Rs.22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving Air Asia airlines. ED has issued summons to the airline’s officials and a few others to …
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December 7, 2016