ED issues show-cause notice to Amnesty International for ‘violating’ foreign exchange law

By: |
Published: September 5, 2019 10:07 PM

The alleged FEMA contravention is related to the borrowing and lending regulations to the tune of Rs 51.72 crore for rendering civil society activities in the country by getting remittances from its parent body, Amnesty International UK, in the garb of export of services, they said.

Amnesty International, ED, foreign exchange law, FEMA, FCRA, Enforcement Directorate, BengaluruThe notice was issued last month by the Adjudicating Authority of the FEMA which is a special director rank officer of the Enforcement Directorate, the officials said.

The ED has issued a show-cause notice to Amnesty International, a human rights watchdog, for alleged violation of the foreign exchange law to the tune of over Rs 51 crore, officials said on Thursday, They said the notice was issued, after completion of the probe, under the Foreign Exchange Management Act (FEMA).

The notice was issued last month by the Adjudicating Authority of the FEMA which is a special director rank officer of the Enforcement Directorate, the officials said.

Also read: Inform students about Article 370 and why it was abolished: Yogi Adityanath tells teachers

The alleged FEMA contravention is related to the borrowing and lending regulations to the tune of Rs 51.72 crore for rendering civil society activities in the country by getting remittances from its parent body, Amnesty International UK, in the garb of export of services, they said.

The central agency had last year conducted searches at the offices of the organisation in Bengaluru on charges of alleged violation of the Foreign Contribution Regulation Act (FCRA).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
111 members of Pakistani migrant family found dead in Rajasthan
2UP Assembly to meet amid COVID-19 pandemic, MLAs to sit one seat apart
3Government plans to enact new law to protect land rights of Jammu and Kashmir natives