Foreign Exchange Management Act Archives

ED confiscates Rs.89.19 crore properties from the DMK Lok Sabha MP under FEMA violation, under Section 37A of FEMA

ED slaps DMK MP Jagathrakshakan with Rs.908 crore penalty over FEMA...

Team PGurus - August 30, 2024 0

ED penalizes DMK MP in forex violation case On Wednesday, the Enforcement Directorate (ED) said a penalty of Rs.908 crore had been imposed on DMK MP...

Two office premises in Chennai and one in Delhi were covered by the probe agency over the last two days, as per provisions of FEMA

Law and Order

Enforcement Directorate conducts searches on India Cement for FEMA violations

Team PGurus - February 1, 2024 2

India Cements share price plunges over 8% after ED search The Enforcement Directorate (ED) on Thursday conducted searches at premises linked to India Cement, headed...

ED sleuths have identified some major deviations from the prescribed norms in the multi-crore foreign exchange dealings that have surfaced during the investigation in the ration distribution case

Corruption

ED asks RBI’s help to seek details of ‘illegal’ forex dealings...

PGurus Newsdesk - January 20, 2024 1

Bengal ration distribution case: ED to collaborate with RBI in the multi-crore foreign exchange fraud The Enforcement Directorate (ED) is seeking the help of the...

ED seized 23 properties worth Rs.62.52 crore under provisions of the Foreign Exchange Management Act

Fraud

ED seizes assets of Farmax India Ltd worth Rs.62.5 cr in...

PGurus Newsdesk - November 22, 2023 0

ED probes Farmax India Limited for fraudulent issuance of Global Depository Receipts and non-use of the same The Enforcement Directorate (ED) has seized movable and...

The detained persons have been identified as V S Suresh Babu, Payasam Shaji, Mohammed Shibu, Mohammed Shiju, and Siraj V Essakhan, all residents of Kerala

Fraud

International hawala racket of Rs.300 cr busted by ED; 5 arrested

PGurus Newsdesk - September 6, 2023 0

International hawala racket: Over 15 foreign currencies are seized by the ED, as well as Rs.4 crore in Indian currency The Enforcement Directorate (ED) has...

The searches were carried out on May 22-23 at 25 premises in Delhi, Gujarat, Maharashtra, Madhya Pradesh and Andhra Pradesh

Fraud

ED raids foreign-registered online gaming portals. Rs.4,000 crore funds sent abroad...

Team PGurus - May 24, 2023 0

ED crackdown on online gaming companies; raids 25 locations for alleged forex violations The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of...

The development came following several complaints filed against Raveendran Bjyu

Law and Order

ED conducts search and seizure operations at BYJU’s CEO’s premises in...

PGurus Newsdesk - April 29, 2023 1

ED claims BYJU's remitted Rs.9,754 cr to foreign jurisdictions On Saturday, the Enforcement Directorate (ED) conducted search and seizure operations at three premises of Raveendaran...

The move comes in the wake of searches conducted by Income Tax at the offices of the British broadcaster in New Delhi and Mumbai in February this year

Law and Order

Controversial documentary on Modi: After Income Tax, ED registers case against...

Team PGurus - April 13, 2023 2

ED steps in to register FEMA case against BBC’s India After the Income Tax raid, the Enforcement Directorate (ED) also registered a case on foreign...

The seizure of assets comes after the central agency carried out searches at multiple locations of the Thrissur-headquartered group on 22 February

Money Laundering

ED attaches over Rs.305 crore worth of assets of Joy Alukkas...

Team PGurus - February 24, 2023 3

Evidence of Joy Alukkas Verghese's active involvement in hawala transactions has been obtained by ED The Enforcement Directorate on Friday attached assets worth more than...

ED is probing the source of funding of all the actors in the film which stars Vijay Devarakonda as a boxer in the lead role with Ananya Panday as the female lead

Law and Order

ED questions actor Vijay Deverakonda in connection with the money trail...

PGurus Newsdesk - November 30, 2022 0

Probe into the funding of 'Liger'; actor Vijay Devarakonda questioned by ED The Enforcement Directorate (ED) questioned actor Vijay Deverakonda in connection with the funding...