FEMA violations

ED raids in Mumbai, Kolkata uncover major FEMA violations by Virendra Joshi

NEW DELHI – In a significant development, the Enforcement Directorate (ED) conducted raids in Mumbai and Kolkata, seizing Rs 12.96 lakh in foreign currency and documents related to foreign bank accounts and assets. The raids are part of an ongoing investigation into FEMA violations by Virendra Joshi, who is accused of making illegal profits through […]

ED Tightens Noose Around Byju’s, Searches CEO’s Premises For FEMA Violations

Byju's is accused of receiving ₹28,000 crore in FDI between 2011-2023 and sending ₹9,754 crore to foreign entities in the name of overseas direct investment.