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Saturday, September 20, 2025
TopicFEMA

Topic: FEMA

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.

ED summons former Trinamool MP Mahua Moitra in FEMA case on February 19

The TMC leader is being investigated under the Foreign Exchange Management Act for allegedly compromising national security for monetary gains.

On Camera

Was India’s public sector born out of European envy?

For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

2 Assam Rifles personnel killed as convoy ambushed in Manipur, on ‘same route Modi took’ fortnight ago

This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border. 

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.