Forex Violations
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
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Billionaire Niranjan Hiranandani Questioned By Probe Agency In Forex Case
Billionaire Niranjan Hiranandani was questioned by the Enforcement Directorate for almost 10 hours (ED) today in a foreign exchange violation case, sources said.
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Hiranandani Group Promoters Summoned In Forex Violation Case
The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group, for questioning in a foreign exchange violation case on February 26.
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Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
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Mining Baron Anil Salgaocar's Assets Attached Over Forex Violation
The Enforcement Directorate has issued a seizure order against the estate of former Goa MLA and mining magnet Anil Salgaocar and seized the shares held by this estate in connection with the foreign assets held by Mr Salgaocar before his death.
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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"We Will Fully Cooperate": BBC On Alleged Forex Violations Probe In India
The BBC will cooperate fully with the Indian authorities, the UK-headquartered media organisation said on Thursday in response to reports from India of a new investigation launched by the Enforcement Directorate (ED).
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BBC India Probed Again, This Time For Alleged Forex Violations: Sources
The BBC in India has been asked to provide financial statements in a new probe linked to alleged foreign exchange violations.
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CoinSwitch Kuber Under ED’s Lens on Suspicion of Violating Forex Laws
India’s Enforcement Directorate (ED) raided five properties associated with CoinSwitch Kuber on August 25. The company, founded in 2017, is being probed to check if it acquired shares worth more than $250 million (roughly Rs. 1,997 crore) in contravention of forex laws.
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Rs 10 Crore Penalty For Ex Amnesty India Head For Forex Violation
Amnesty India International Pvt. Ltd and its former CEO Aakar Patel have been slapped with penalty of Rs 51.72 crore and Rs 10 crore respectively for contravention of the foreign exchange law, the ED said on Friday.
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India Accuses Xiaomi Of Forex Violations In Latest China Clash
India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.
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Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe Agency
The company started its operations in India in 2014 and started remitting the money in 2015. It has so far remitted foreign currency equivalent to Rs 5,551.27 crore to three foreign-based entities.
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Aishwarya Rai Back In Mumbai After Grilling Over Alleged Forex Violations
Actor Aishwarya Rai Bachchan returned to Mumbai on Monday night after appearing before the Enforcement Directorate (ED) in Delhi in connection with the Panama Papers leak case.
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Aishwarya Rai Bachchan Questioned For 5 Hours Over Alleged Forex Violations
Actor Aishwarya Rai Bachchan left the Enforcement Directorate's Delhi offices Monday night after being questioned for over five hours in connection with alleged forex violations related to the 'Panama Papers'.
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Notice To Flipkart, Its Founders, 9 Others Over Alleged Forex Violations
Flipkart, its founders and 9 others have been issued notice by Enforcement Directorate over alleged forex violations.
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
-
Billionaire Niranjan Hiranandani Questioned By Probe Agency In Forex Case
Billionaire Niranjan Hiranandani was questioned by the Enforcement Directorate for almost 10 hours (ED) today in a foreign exchange violation case, sources said.
-
Hiranandani Group Promoters Summoned In Forex Violation Case
The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group, for questioning in a foreign exchange violation case on February 26.
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Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
-
Mining Baron Anil Salgaocar's Assets Attached Over Forex Violation
The Enforcement Directorate has issued a seizure order against the estate of former Goa MLA and mining magnet Anil Salgaocar and seized the shares held by this estate in connection with the foreign assets held by Mr Salgaocar before his death.
-
High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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"We Will Fully Cooperate": BBC On Alleged Forex Violations Probe In India
The BBC will cooperate fully with the Indian authorities, the UK-headquartered media organisation said on Thursday in response to reports from India of a new investigation launched by the Enforcement Directorate (ED).
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BBC India Probed Again, This Time For Alleged Forex Violations: Sources
The BBC in India has been asked to provide financial statements in a new probe linked to alleged foreign exchange violations.
-
CoinSwitch Kuber Under ED’s Lens on Suspicion of Violating Forex Laws
India’s Enforcement Directorate (ED) raided five properties associated with CoinSwitch Kuber on August 25. The company, founded in 2017, is being probed to check if it acquired shares worth more than $250 million (roughly Rs. 1,997 crore) in contravention of forex laws.
-
Rs 10 Crore Penalty For Ex Amnesty India Head For Forex Violation
Amnesty India International Pvt. Ltd and its former CEO Aakar Patel have been slapped with penalty of Rs 51.72 crore and Rs 10 crore respectively for contravention of the foreign exchange law, the ED said on Friday.
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India Accuses Xiaomi Of Forex Violations In Latest China Clash
India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.
-
Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe Agency
The company started its operations in India in 2014 and started remitting the money in 2015. It has so far remitted foreign currency equivalent to Rs 5,551.27 crore to three foreign-based entities.
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Aishwarya Rai Back In Mumbai After Grilling Over Alleged Forex Violations
Actor Aishwarya Rai Bachchan returned to Mumbai on Monday night after appearing before the Enforcement Directorate (ED) in Delhi in connection with the Panama Papers leak case.
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Aishwarya Rai Bachchan Questioned For 5 Hours Over Alleged Forex Violations
Actor Aishwarya Rai Bachchan left the Enforcement Directorate's Delhi offices Monday night after being questioned for over five hours in connection with alleged forex violations related to the 'Panama Papers'.
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Notice To Flipkart, Its Founders, 9 Others Over Alleged Forex Violations
Flipkart, its founders and 9 others have been issued notice by Enforcement Directorate over alleged forex violations.
