FEMA investigation
Kerala Congress Labels ED Notice to Chief Minister Vijayan as 'Fraudulent' in KIIFB Masala Bond Case
Dec 02, 2025 09:31 pm CST
The Kerala Congress has denounced the Enforcement Directorate's show-cause notice to Chief Minister Pinarayi Vijayan in the KIIFB Masala Bond case as fraudulent. Senior leader Ramesh Chennithala accused both BJP and CPI(M) of manipulating the ED, suggesting political collusion. The controversy surrounds Rs 2,000 crore raised through masala bonds, with allegations of corruption and FEMA violations involving connections to the SNC-Lavalin company.
ED Conducts FEMA Raids at Reliance Infrastructure Locations Over Alleged Illegal Foreign Remittances
Oct 01, 2025 12:52 am CST
The Enforcement Directorate has conducted searches at six locations linked to Anil Ambani's Reliance Infrastructure in Maharashtra and Madhya Pradesh as part of a FEMA investigation into alleged illegal foreign remittances. The company claims the matter dates back 15 years and involves a domestic highway contract with no foreign exchange component, while asserting the raids have not impacted business operations or stakeholders.