The ED is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL Chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.
The Enforcement Directorate (ED) has approached over six countries including UAE and the UK as part of its probe into suspected terror funding and hawala operations of late Iqbal Mirchi, a longtime associate of fugitive Pakistan-based don Dawood Ibrahim.
The government has convened a high -level meeting of finance and security officials in order to chart the next course of action in the case of alleged foreign exchange violations in purchase of properties here by Pakistan's national airliner PIA.
The Goa government will seek concession in genuine cases of foreigners, whose properties have been served notices by Enforcement Directorate (ED) for violation of Foreign Exchange Management Act (FEMA).
The Supreme Court directed
self-proclaimed godman Chandraswami to deposit Rs 25 lakh
within a week as the first tranche of penalty in several FEMA
violation cases registered by the Enforcement Directorate.