FEMA

The financial probe agency has asked BBC to furnish its books of accounts and financial statements

  NEW DELHI: Rs 5,551 crore of Chinese smartphone maker Xiaomi Technology India has been seized by the Enforcement Directorate (ED), the agency said on Saturday. The action has been taken under the provisions of the Foreign Exchange Management Act (FEMA), 1999. A source in the ED said that Xiaomi India is a wholly-owned subsidiary […]

New Delhi: Making progress in its probe against the Chinese phonemaker Xiaomi, the Enforcement Directorate (ED) has summoned its former Indian head Manu Kumar Jain for questioning in connection with an FEMA case. According to ED sources, Jain has been asked to appear before the financial probe agency sleuths at its Delhi headquarters in connection […]

  NEW DELHI: The Enforcement Directorate (ED) has registered 1,999 cases of money laundering and 18,003 cases under sections of the Foreign Exchange Management Act (FEMA) between April 1, 2011, to March 31, 2020, the government informed the Lok Sabha on Tuesday. In a written reply to an unstarred question by Congress MP Manish Tewari […]