ED initiates FEMA investigation against BBC India; calls staffers for probe ...Middle East

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ED initiates FEMA investigation against BBC India; calls staffers for probe
source : Business Standard ( Middle East ) () 40
The Enforcement Directorate (ED) has registered a case under FEMA against BBC India for alleged foreign exchange violations and called its staffers for questioning following which a deputy managing editor of the broadcasting company deposed on Thursday, official sources said. The action by the central agency comes nearly two months after the Income-Tax department surveyed the office premises of the British Broadcaster in Delhi and Mumbai in February. According to officials, the case under the provisions of the Foreign Exchange Management Act (FEMA) was registered nearly two weeks ago to essentially probe purported foreign direct investment (FDI) violations by the company and related instance

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