1. ED searches at dozen locations in Delhi for FEMA violations

ED searches at dozen locations in Delhi for FEMA violations

The Enforcement Directorate today conducted searches at a dozen locations in Delhi, including on the premises of a former MLA, in connection with its probe in a foreign exchange violation case.

By: | New Delhi | Published: August 24, 2017 2:26 PM
Enforcement Directorate searches, ed searches delhi, ed probe in foreign exchange violation case, fema violatoins case, Foreign Exchange Management Act, FEMA The Enforcement Directorate today conducted searches at a dozen locations in Delhi, including on the premises of a former MLA, in connection with its probe in a foreign exchange violation case.(Reuters)

The Enforcement Directorate today conducted searches at a dozen locations in Delhi, including on the premises of a former MLA, in connection with its probe in a foreign exchange violation case. Officials in the agency said business and residential premises at locations in East of Kailash, Barakhamba Road and few in south Delhi are being searched by the its sleuths, under the provisions of the Foreign Exchange Management Act (FEMA). The premises of a former MLA are also being searched. The action is on at about a dozen locations in the national capital, they said. The searches are said to be in connection with similar raids conducted by the Enforcement Directorate (ED) against a pharmaceutical firm in Gujarat recently. Further details in the case are awaited.

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