Forex Violation News

Companies

ED probing if Amazon, Flipkart violated forex law

The Enforcement Directorate's response came on a PIL, which alleged that the e-commerce giants were violating foreign direct investment norms

2 min read15 Nov 2018
Companies

Govt launched biggest fight yet against shell companies in 2016-17

The finance ministry in 2016-17 targeted around 30,000 companies and their directors, a significant rise from the previous three years when only 1,150 investigations against shell companies were launched

2 min read27 Jul 2017
Politics

CBI raids Chidambaram, son Karti’s properties in Chennai in INX Media case

The CBI raids were in connection with foreign investments received by INX Media, from which Karti Chidambaram got kickbacks when his father was the finance minister

2 min read16 May 2017
Politics

P. Chidambaram accuses ED of making ‘wild allegations’ against son Karti

In a statement, Congress leader P. Chidambaram said the ED's press release issued on Monday did not refer to any specific act on the part of Karti

1 min read18 Apr 2017
Politics

ED notice to Karti Chidambaram, Vasan Healthcare in FEMA case

Enforcement Directorate (ED) has sought explanation from Karti Chidambaram and Vasan Healthcare on forex transactions worth Rs45 crore

1 min read18 Apr 2017
Politics

ED slaps Rs288 crore Fema notice on NRI businessman

NRI businessman C.C. Thampi had acquired huge agricultural land in Delhi NCR in alleged violation of foreign exchange laws of India

1 min read24 Feb 2017
Companies

ED probing forex violations in United Spirits’s Whyte & Mackay deal

The ED suspects that the deal, which fell short of the 595 million Vijay Mallya paid in 2007 to acquire Whyte & Mackay, was underpriced

3 min read1 Jul 2016
Politics

Mumbai police commissioner Rakesh Maria met Lalit Modi in UK last year

Maria releases statement after news channels flashed a photo of him with former IPL commissioner Lalit Modi

2 min read20 Jun 2015
Politics

ED to slap penalty notices in 16 cases against Lalit Modi, others

Penalty in the alleged forex violation cases amounts to an estimated `1,700 crore

1 min read15 Jun 2015
Companies

ED issues Rs608 crore notice to TN bank, Standard Chartered

The notice has been issued for alleged foreign exchange violations in an illegal transfer of shares case of 2007

1 min read18 Dec 2014
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