ED Raids BC Jindal Group: Investigating Rs 505 Crore FEMA Violations and Overseas Fund Diversion

Sep 25, 2025 10:22 pm CST

The Enforcement Directorate has conducted raids at 13 locations linked to the BC Jindal Group over suspected FEMA violations. Investigators allege that firms owned by the Jindal family remitted Rs 505.14 crore to their Dubai-based entity as part of a complex financial operation involving multiple countries. The probe centers on alleged round-tripping of funds, manipulation of valuation reports, and diversion of investors' money through entities across various international jurisdictions.