ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Politics

Forex violation: ED issues notice to Karti Chidambaram

New Delhi [India], Apr 17 (ANI): The Enforcement Directorate on Monday issued a show-cause notice to Karti Chidambaram, son of senior Congress leader and former finance minister P. Chidambaram and others for alleged forex violations to the tune of Rs. 45 crore.

ANI Apr 17, 2017 21:26 IST googleads

Forex violation: ED issues notice to Karti Chidambaram
New Delhi [India], Apr 17 (ANI): The Enforcement Directorate on Monday issued a show-cause notice to Karti Chidambaram, son of senior Congress leader and former finance minister P. Chidambaram and others for alleged forex violations to the tune of Rs. 45 crore. After over two years of investigations, the Enforcement Directorate issued a similar notice to another Chennai based firm M/s Vasan Health Care Private Limited, for alleged forex violations of Rs. 2,262 crore. The Enforcement Directorate said that the show-cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P. Chidambaram who appears to be the controller and ultimate beneficiary in these transactions. Under the provisions of the Foreign Exchange Management Act (FEMA),the total amount of contravention identified by the ED, by M/s Vasan Healthcare Private Limited and its overseas investors on different counts in the investments received from overseas investors is nearly Rs.2,100 crore and additional Rs. 162 crore, totalling to Rs. 2,262 crore. (ANI)

Get the App

What to Read Next

Politics

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Speaking to reporters here on Thursday, Singh said the opposition had sought permission to speak on the issue of LPG, but did not adhere to the subject.

Read More
Politics

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

Former Andhra Pradesh Minister Gudivada Amarnath on Thursday said that the YSR Congress Party (YSRCP) has filed a Public Interest Litigation (PIL) challenging the land policy of the state government, alleging that large extents of valuable public land are being allotted to a few real estate companies at very low prices.

Read More
Politics

Congress' Muraleedharan says LPG shortage "affecting families"

Congress' Muraleedharan says LPG shortage

"Most of the hotels are closed. Even in the few that are open, we are not getting proper food. This situation is affecting families as well. Therefore, we request the Central Government to intervene in this matter and take strong action to ensure the supply of LPG gas," Muraleedharan told reporters in Thiruvananthapuram.

Read More
General News

Woman found dead in hotel room in North Delhi

Woman found dead in hotel room in North Delhi

According to Delhi Police, around 12:30 am, staff of Prince Hotel located at SPM T-point on Church Mission Road informed the beat staff that Room No. 205 was locked and the guest inside was not responding despite repeated knocking.

Read More
Politics

"No shortage of petrol, diesel or LPG": Hardeep Singh Puri

In his statement in the Lok Sabha, Puri said the government has taken multiple measures to safeguard the country's energy security and ensure the uninterrupted availability of petroleum products, cooking gas, and natural gas.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.