Articles for FEMA

ED conducts seacrhes on OPG Group Chennai under FEMA

OPG Group had set up several overseas joint ventures and companies in Dubai, Isle of Man, Seychelles, Singapore, and Hong Kong, through which a significant portion of the diverted funds was allegedly parked abroad : ED

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ED Directorate of Enforcement (ED) Mumbai has conducted search operations at five locations in Mumbai under FEMA

During the search operations, various incriminating evidence, electronic devices, foreign currency (of multiple countries) equivalent to Rs. 4.6 Crore and Indian currency of Rs. 0.04 crores were seized : ED

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ED searches presmises of Viresh Joshi under FEMA for alleged front running operations

Viresh Joshi was allegedly sharing market-sensitive information in return for kickbacks from brokers having terminal in Dubai who could execute trade on his instructions : ED

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SP leader and lawyer Virender Bahadur Pal booked for raping a woman lawyer in UP

The woman alleged that Pal blackmailed her using videos and photos and forced her into a sexual relationship over the past year on regular threats

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ED conducts searches at various entities of Chowgule Group in Goa for FEMA violations

The entities had created offshore structures, diverting approximately $228 million from Indian companies over the years through multiple foreign subsidiaries and step-down subsidiaries based in Guernsey, the UK, and the Marshall Islands : ED

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