TOPIC

FEMA

News Reports

‘Clandestine funding of extremism’: Karnataka HC refuses to quash UAPA case against associates of US-based Christian missionary organisation The Timothy Initiative

Anurag -
Investigators said more than 1,000 debit cards were circulated across India, with nearly Rs 100 crore withdrawn, including suspicious transactions in Naxal-affected Chhattisgarh, while TTI’s portal data was deleted through remote access after ED searches.
Editor's picks

ED slaps ₹184 crore penalty on NewsClick and its founder Prabir Purkayastha in Foreign Exchange Management Act (FEMA) case

OpIndia Staff -
While NewsClick must pay ₹120 crore, Prabir Purkayastha has been charged ₹64 crore in the FEMA case by the ED.
Economy and Finance

ED terminates FEMA case against Paytm subsidiary Nearbuy as per RBI compounding order on payment of ₹4.28 lakh penalty

OpIndia Staff -
The Enforcement Directorate (ED) on 19th December, 2025, announced the termination of Foreign Exchange Management Act (FEMA) violation proceedings against Nearbuy India Private Limited,...
News Reports

Kerala: ED issues show-cause notice to Chief Minister Pinarayi Vijayan in Rs 2,000 crore masala bond case

OpIndia Staff -
ED stated that there have been charges of fund diversion and forex-related irregularities using bond revenues.
Economy and Finance

RBI announces major relief package for exporters hit by 50% US tariffs, offers loan moratorium, extended credit and FEMA relaxations

OpIndia Staff -
The RBI’s package aims to prevent these temporary difficulties from turning into long-term financial stress.
News Reports

Uttar Pradesh: ‘British’ Maulana Shamsul Huda Khan booked in Sant Kabir Nagar after ATS Varanasi probe for illegally collecting foreign funds for madarsas without...

Anurag -
Following ATS Varanasi’s probe, Sant Kabir Nagar Police booked British citizen Maulana Shamsul Huda Khan for collecting foreign funds for madarsas, misusing currency, and having suspected links with radicals in Pakistan and Jammu and Kashmir.
News Reports

ED files FEMA case against Myntra alleging ₹1,654 crore FDI violation, says company was doing retail sales while declaring itself as wholesale business

OpIndia Staff -
The Enforcement Directorate has filed a FEMA complaint against Myntra and its related firms for allegedly violating FDI rules worth ₹1,654.35 crore. ED claims Myntra posed as a wholesale business while engaging in multi-brand retail trading.
News Reports

ED slaps ₹3.44 crore penalty on BBC India for FEMA violations with ₹5,000 fine per day, 3 directors fined ₹1.15 crore each

OpIndia Staff -
The Enforcement Directorate (ED) has imposed a penalty exceeding ₹3.44 crore on BBC World Service India for violations of Foreign Direct Investment (FDI) regulations under the Foreign Exchange Management Act (FEMA).
World

Elon Musk slams Federal Emergency Management Agency (FEMA) for funding hotels for illegal migrants, including Pakistan-owned hotel, despite Trump’s ban

OpIndia Staff -
The agreement involved leasing all 1,025 rooms of the hotel to the city at price of over $200 per night. Initially, the contract was signed for one year but Rafique expressed hope that it would be extended for full three years. The hotel in question was built in 1924 and PIA had taken its control in 2000.
News Reports

Delhi HC dismisses TMC leader Mahua Moitra’s plea to restrain ED from allegedly leaking information about FEMA case against her to media

ANI -
The Delhi HC on Friday dismissed Mahua Moitra's plea to restrain the ED from allegedly leaking any confidential, unverified information to media related to the ongoing FEMA probe against her.
123Page 1 of 3

Latest News

Recently Popular