ED show-cause notice to Adani flagship firm on Fema violation5 min read . Updated: 08 May 2009, 12:01 AM IST
ED show-cause notice to Adani flagship firm on Fema violation
Mumbai: The Enforcement Directorate (ED), an agency that deals with violations of India’s foreign exchange laws, issued a show-cause notice to Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on 24 April, for alleged violations of the country’s foreign exchange laws to the tune $228.7 million (Rs1,132 crore today), through a government scheme introduced in September 2004 to increase growth in exports.
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