Foreign Exchange Management Act: News
13 Apr 2022Xiaomi
The Enforcement Directorate has summoned Manu Kumar Jain, former managing director of Xiaomi India, in connection with an investigation under the Foreign Exchange Management Act, according to Reuters.
05 Mar 2020Mumbai
The Enforcement Directorate (ED) on Wednesday night raided the home of Jet Airways founder and former Chairperson, Naresh Goyal, after it booked him in a case of money laundering.
03 Feb 2020Kolkata Knight Riders (KKR)
The Enforcement Directorate has attached properties worth over Rs. 70 crore of three firms in the Rose Valley Ponzi Scheme case.
21 Dec 2019India
Banks may soon start asking depositors to disclose their religion. What's the need for this?
23 Jul 2019Supreme Court Of India
Giving a major relief to nearly 42,000 homebuyers, the Supreme Court on Tuesday ordered state-run National Buildings Construction Corporation (NBCC) to complete unfinished flats of the embattled real-estate group Amrapali.
30 Jan 2019India
On Wednesday, the Enforcement Directorate (ED) issued a show cause notice to popular Pakistani singer Rahat Fateh Ali Khan under the Foreign Exchange Management Act (FEMA) for allegedly smuggling foreign currency out of India.
15 Apr 2018Reserve Bank Of India (RBI)
The Reserve Bank of India had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group but found no proof of any "quid pro quo" or reciprocal benefits, according to RBI documents.
21 Jul 2017Kolkata Knight Riders (KKR)
Bollywood's King Khan got a show cause notice by the Enforcement Directorate (ED) on Thursday, asking him to appear on August 23 in a foreign exchange violation adjudication case linked with his Kolkata Knight Riders team in the Indian Premier League (IPL).
02 May 2017India
The CBI has got the go ahead to prosecute former ISRO and Antrix officials over their alleged involvement in the Antrix-Devas scandal.
14 Apr 2017India
The ED has launched raids on offices of professionals including CAs and CSs in Delhi, who are suspected to have provided legitimate cover to shell companies. Notices were sent earlier.
09 Apr 2017India
CBI raided 16 premises in Ahmedabad after 12 people allegedly deposited demonetized notes worth Rs. 100.57cr in shell companies' accounts in Axis Bank.
02 Apr 2017India
Enforcement Directorate launched a massive nationwide operation and raided over 100 places across 16 states in a crackdown on shell firms suspected of money laundering on behalf of other businesses/individuals.