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ED serves Rs 2,030 crore notice on NDTV for FEMA violations: The Hindu - Mobile edition
The Enforcement Directorate (ED) has served a show-cause notice of regulatory foreign exchange rule violations involving Rs 2,030 crore against private broadcaster NDTV.
The notice has been issued in a case being pursued under the Foreign Exchange Management Act (FEMA) since 2011.
It has been alleged that NDTV did not follow the required rules and regulations in connection with companies set up in various countries, including the U.K., the Netherlands, Sweden and Mauritius.
The Enforcement Directorate (ED) has served a show-cause notice of regulatory foreign exchange rule violations involving Rs 2,030 crore against private broadcaster NDTV.
The notice has been issued in a case being pursued under the Foreign Exchange Management Act (FEMA) since 2011.
It has been alleged that NDTV did not follow the required rules and regulations in connection with companies set up in various countries, including the U.K., the Netherlands, Sweden and Mauritius.