scorecardresearch
Thursday, August 28, 2025
TopicFEMA

Topic: FEMA

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.

ED raids premises of Congress’ Telangana candidate Vivek Venkatswamy in FEMA case probe

With declared assets worth over Rs 600 crore, Vivek is the richest politician contesting the November 30 assembly polls in Telangana.

On Camera

Severe Hyderabad internet outages make it an IT hub without the IT part

Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.

‘Not just Russian oil, India tapped us along on trade deal,’ says US treasury secy Scott Bessent

New Delhi: The US is not worried about the rupee “becoming a reserve currency” given that it is at an all-time low versus the...

CDS on differences on theaterisation—views welcome, final call to be in nation’s best interests

The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.