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Friday, January 9, 2026
TopicFEMA

Topic: FEMA

ED summons Anil Ambani over FEMA probe into Rs 600 crore hawala transfers

The Enforcement Directorate is investigating alleged undisclosed foreign assets and offshore entities linked to Anil Ambani and the Reliance Anil Ambani Group (RAAG).

Foreign asset files: How Amarinder & son’s setback in HC could put a ‘frozen’ FEMA probe in motion

Punjab & Haryana HC rejected Amarinder & Raninder’s plea against ED file inspection, saying that only I-T dept, which obtained the files, can object under Indo-French treaty.

ED files FEMA case against Myntra & its directors for ‘Rs 1,654 crore FDI violation’

Inquiry revealed Myntra Designs Pvt Ltd allegedly received Rs 1,654 cr funding through FDI in Wholesale Cash & Carry category but was doing business in Multi Brand Retail Trade category.

Trump visits Texas flood zone, defends government’s disaster response

During his visit, Trump avoided questions on plans to shrink Federal Emergency Management Agency, as pressure grows over whether more could’ve been done before the July 4 floods.

ED director concedes PMLA cases piling up for yrs, weeks after CBI chief made similar admission

Rahul Navin's statement comes a month after CBI boss Praveen Sood said that agency should not take pride in only registration of cases when it has been faulted for delays & pendency.

FEMA violations probe into entities linked to Soros’s OSF: Here are 3 companies under ED scanner

Three Indian companies allegedly received Rs 25 crore from US billionaire Soros-backed investment fund, violating Indian foreign funding regulations, it is learnt.

Inside ED raids on entities linked to Soros’s OSF—‘funds routed via shell companies to bypass FCRA’

Raids part of FEMA probe. Any funds transferred by donors to US billionaire Soros-backed Open Society Foundations requires clearance from home ministry before disbursal, it is learnt.

Vantalu cancels fugitive Lalit Modi’s passport days after ex-IPL chief requested citizenship

The cancellation of the passport was based on reports in the international media which suggested that Lalit Modi was avoiding extradition to India.

ED fines BBC World Service India Rs 3.44 crore for FEMA violations, penalises 3 directors too

ED’s FEMA case came after an Income Tax Department survey of the BBC’s offices in New Delhi and Mumbai in February 2023 found violations.

Synthetic diamonds, shell companies, overvalued jewellery — how money is laundered in diamond trade

Modus operandi employed by diamond jewellery businesses to launder money involves import of cheap, synthetic diamonds that are usually overvalued by over 100 times, it is learnt.

On Camera

Why Pinarayi Vijayan is going soft on an Ezhava leader’s anti-Muslim hate speech

Pinarayi Vijayan once called Vellappally Natesan, the general secretary of SNDP Yogam, Kerala’s Pravin Togadia. Now he is giving his hate speech a free pass.

500% tariffs ahead for India? Trump’s lined up a big bad Bill for countries buying Russian oil

Republican Senator Lindsey Graham says bill will be 'well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent'.

2025: Pakistan’s deadliest year in over a decade

Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.