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Hyderabad: A day after conducting searches at the residences and office of industrialist and former Telangana MP Gaddam Vivek Venkatswamy and his relatives in Hyderabad and Mancherial, Enforcement Directorate alleged that “suspicious and unaccounted” transactions worth Rs 200 crore have taken place.
According to multiple reports, the issuing of show-cause notice followed the ED searches at Byju’s premises earlier this year. Initial investigations after searches had found no FEMA violations by the edtech firm, sources had said in May. 📲 BYJU’s Denies Receiving Any ‘Show-Cause Notice From Enforcement Directorate’ Over Alleged Violations Under FEMA Act Worth USD 1.08 Billion.
The ED is investigating a case of misuse of Liberalized Remittance Scheme (LRS) under the provisions of the FEMA against Zavareh Soli Poonawalla and his family. His name was found in the Panama Papers revelations regarding off-shore entities Get more Real Estate News and Business News on Zee Business.
RBI Clears Confusion On Cryptocurrency Trading, Asks Banks To Perform Customer Due Diligence RBI Clears Confusion On Cryptocurrency Trading, Asks Banks To Perform Customer Due Diligence In a statement, the RBI has said that the particular order on crypto currencies is no longer valid as it had been set aside by the Supreme Court. RBI has asked banks to conduct due diligence of customers dealing with crypto currencies The Reserve Bank of India (RBI) has recommended that banks and other financial institutions should continue to conduct due diligence of customers who are dealing with virtual...