The Enforcement Directorate (ED) has imposed a penalty of Rs 184 crore on media company PPK NEWSCLICK Studio Private Limited and its founder-editor Prabir Purkayastha for alleged violations of the Foreign Exchange Management Act (FEMA), 1999.
An ED investigation into a gold-smuggling racket being operated across the India-China LAC has found that more than 1,000 kg of the yellow metal worth Rs 800 crore was illegally brought to India with the alleged involvement of a Chinese, some Tibetans and locals in 2023 and 2024.
India’s financial crime agency has filed a complaint against Myntra Designs Pvt Ltd and its affiliated firms for alleged violations of foreign exchange rules involving ₹1,654.35 crore, according to a statement on Tuesday.
BCAS written to The Chief General Manager, FEMA, Mumbai about the feedback on draft regulations and directions on export and import under FEMA with reference to press release dated April 04th 2025.
The Enforcement Directorate (ED) on Thursday conducted searches under the Foreign Exchange Management Act (FEMA) at 19 premises of main vendors of e-commerce giants Amazon and Flipkart across multiple cities, including Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana).
