SC refuses relief to Ketan Parekh in FEMA case

Last Updated: Wednesday, November 30, 2011, 21:26

The Supreme Court bench also said that Ketan Parekh`s plea of being in financial difficulties cannot be believed by any stretch of imagination.

Have not broken any laws: Baba Ramdev

Last Updated: Saturday, September 3, 2011, 18:11

Refuting that his trust has violated any FERA norms, Baba Ramdev hit back at the govt saying that there was an attempt to malign him.

FEMA violation of Rs 10k crore detected in 2G scam: ED tells SC

Last Updated: Thursday, September 1, 2011, 21:32

Enforcement Directorate Thursday told the Supreme Court that FEMA violation of around Rs 10,000 crore has been detected by various telecom companies in 2G spectrum allocation scam and around 200 bank accounts are under suspect.

2G scam: ED issues notice to two Loop telecom firms

Last Updated: Thursday, August 18, 2011, 11:54

The Enforcement Directorate has issued show cause notices to two Loop telecom firms for alleged violation of foreign exchange laws to the tune of about Rs 384 crore in connection with the 2G scam.

Bharti Airtel under ED scanner for suspected FEMA violation

Last Updated: Tuesday, August 16, 2011, 17:50

Country's largest private telecom company Bharti Airtel has come under the scrutiny of the Enforcement Directorate for suspected violation of provisions of the Foreign Exchange Management Act (FEMA).

RBI asks foreign firms to regularise branch offices in 3 months

Last Updated: Friday, July 15, 2011, 22:03

The Reserve Bank on Friday directed all the foreign entities, including non government organizations (NGOs) and news agencies, operating in the country through branch offices to obtain clearance from it within three months under the FEMA Act.

SC asks Chandraswami to deposit Rs 25 lakh penalty

Last Updated: Wednesday, June 15, 2011, 17:52

The Supreme Court 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.