India

Chennai: Enforcement Directorate raids multiple locations in FEMA probe

The investigation is linked to alleged violation of the provisions of the foreign exchange law, they said.

Chennai: The Enforcement Directorate on Monday conducted searches at multiple places here and some other locations as part of a foreign exchange violation linked investigation.

About ten locations are being searched in a case filed under the Foreign Exchange Management Act (FEMA), sources said.

The investigation is linked to alleged violation of the provisions of the foreign exchange law, they said.

Details are awaited.

This post was last modified on November 11, 2024 10:14 am

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Press Trust of India

Press Trust of India (PTI) is India’s premier news agency, having a reach as vast as the Indian Railways. It employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.

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