FEMA violations
ED Seizes Rs 55 Crore From Reliance Infrastructure In Foreign Exchange Violation Investigation
Dec 10, 2025 09:56 pm CST
The Enforcement Directorate has seized assets worth Rs 54.82 crore, including 13 bank accounts belonging to Reliance Infrastructure Limited under FEMA provisions. The company allegedly diverted funds from NHAI road construction projects through shell companies to overseas accounts in the UAE, disguised as diamond imports without actual deliveries, involving hawala transactions exceeding Rs 600 crore.
ED Uncovers Rs 50 Crore Human Hair Export Scam: Raids Across Three States Target Nagaland Firms
Nov 06, 2025 08:05 pm CST
The Enforcement Directorate has conducted raids across Nagaland, Assam, and Tamil Nadu, investigating an alleged Rs 50 crore scam involving Imsong Global Suppliers. The company claimed to export human hair to Tunisia and Italy but failed to provide required documentation for foreign transactions, violating FEMA regulations. Investigators found suspicious fund transfers between multiple companies with no evidence of actual business transactions.
Enforcement Directorate Raids Film Stars' Homes in Major Luxury Car Smuggling Investigation
Oct 08, 2025 02:10 pm CST
The Enforcement Directorate has conducted raids at Malayalam superstar Dulquer Salmaan's residence and 16 other locations across Kerala and Tamil Nadu as part of an investigation into an international luxury car smuggling operation. Authorities have seized approximately 40 high-end vehicles linked to prominent film stars since September, with evidence suggesting illegal imports from Bhutan and Nepal using forged documents and unauthorized foreign exchange transactions.
ED Seizes Rs 2.25 Crore Cash and Foreign Currency in Major Crackdown on Goa Casino Operations
Sep 30, 2025 06:16 pm CST
The Enforcement Directorate has conducted multi-state raids against a Goa-based casino network, seizing over Rs 2.25 crore in cash and Rs 8.5 lakh in foreign currency. The investigation uncovered illegal financial operations including cryptocurrency transactions, foreign currency exchanges, and the use of mule accounts to transfer gambling winnings abroad, all under FEMA violations.
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.