FEMA

  • Walmart violated Indian rules governing foreign investment: CBI 20-07-2013 09:08 AM

    Mumbai: Walmart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI) said in a letter to a member of Parliament seen by Reuters. The CBI said in the letter that according to its analysis, Walmart's investment violated Reserve Bank of India guidelines and Foreign Exchange...
  • UPA wins vote on FDI, FEMA in Lok Sabha 05-12-2012 07:41 PM

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  • ED issues 19 show cause notices to BCCI 29-11-2011 03:01 PM

    New Delhi: The BCCI is in the dock after the Enforcement Directorate issued 19 show cause notices for foreign exchange contraventions. CNN-IBN has accessed a copy of the government probe reports conducted in the working of the BCCI and the management of the Indian Premier League (IPL). The Enforcement Directorate...
  • ED notice to BCCI over FEMA violations in IPL 2 28-11-2011 03:35 PM

    New Delhi: The Enforcement Directorate has issued a notice to the BCCI for alleged breach of foreign exchange rules in the Indian Premier League Season 2, according to reports. The notice has been sent for alleged FEMA violations pertaining to an amount of Rs 16,500 crore. The season 2 of...
  • Government trying to defame me, says Ramdev 03-09-2011 06:35 PM

    New Delhi: Yoga Guru Baba Ramdev on Saturday said he has not received any notice under the Foreign Exchange Management Act (FEMA) from the Centre. Addressing a press conference, Ramdev alleged that this is an attempt by the Government to force him to stop his campaign against corruption and black...
  • FEMA violation case registered against Ramdev 01-09-2011 11:55 AM

    New Delhi: The Enforcement Directorate (ED) on Thursday registered a foreign exchange violation case against Baba Ramdev and his trust. The Directorate has found evidence of Ramdev and his trusts receiving financial aid from the USA, Britain and New Zealand. Ramdev and his trust reportedly received Rs 7 crore from...
  • SC asks Chandraswami to deposit Rs 25 lakh 15-06-2011 06:22 PM

    New Delhi: The Supreme Court on Wednesday directed self-proclaimed godman Chandraswami to deposit Rs 25 lakh within a week as the first tranche of penalty in several FEMA violation cases registered by the Enforcement Directorate. A vacation bench of justices B S Chauhan and Swatanter Kumar directed Chandraswami and his...
  • Court allows Adnan Sami to travel abroad 07-06-2011 05:28 PM

    Mumbai: In a reprieve to noted Pakistani singer Adnan Sami, the Bombay High Court on Tuesday allowed him to travel abroad whenever he wishes to till the end of the trial against him under the FEMA. The court while hearing an appeal filed by the singer seeking permission to travel...
  • 2G scam: the A Raja-Sadiq Batcha link 16-03-2011 01:34 PM

    New Delhi: Sadiq Batcha, a close aide of former telecom minister A Raja, hailed from his own hometown of Peramballur. Batcha was the managing director of a real estate company called Green House Promoters. It is this company that the investigators suspect was floated to bring in the bribe money....
  • Rahat quizzed again, probe nearing completion 19-02-2011 07:56 AM

    New Delhi: Pakistani sufi singer Rahat Fateh Ali Khan was questioned on Friday by the Directorate of Revenue Intelligence officials for allegedly carrying $1.24 lakh (about Rs 60 lakh) of undeclared foreign currency. DRI sources said the investigation against Rahat and four of his associates was nearing completion and a...
  • MP IAS couple violates FEMA, gets ED notice 21-01-2011 08:16 AM

    Bhopal: The Enforcement Directorate on Thursday served notices to tainted IAS couple Tinoo and Arvind Joshi for allegedly violating the Foreign Exchange Management Act. A case has also been registered under directions of the Lokayukta. It wasn't just the currency notes that were recovered from the home of senior IAS...
  • ED notice to MP IAS couple for FEMA violations 20-01-2011 09:35 AM

    New Delhi: The Enforcement Directorate on Thursday served a notice to tainted Madhya Pradesh IAS couple Tinu and Arvind Joshi for alleged violation of the Foreign Exchange Management Act (FEMA). The move comes after the submission of a 7,000-page appraisal report by the Income Tax department to Madhya Pradesh Chief...
  • Goa govt to prohibit land sale to foreigners 14-03-2008 05:54 PM

    Dubai: The International Cricket Council says the guilty verdicts handed down to two Pakistani cricketers in the spot-fixing case in England is a further warning to players who might be tempted to engage in corrupt activity within the sport. ICC takes no pleasure from the fact that these players stepped...
  • Govt illegally appoints law secy in FEMA tribunal 07-03-2008 02:19 AM

    Karachi: Pakistan's chief selector and now interim coach, Mohsin Khan has said that senior players Misbah-ul-Haq and Younis Khan have set high fitness benchmark for others to achieve if they want to play for the national cricket team. The former Test opener said that Misbah at the age of 37...