Foreign Exchange

ED fines DMK MP S Jagathratchakan Rs 908 crore in FEMA case

August 28, 2024

ED fines DMK MP S Jagathratchakan Rs 908 crore in FEMA case

The federal agency announced that it has confiscated properties worth Rs 89.19 crore, which were seized in September 2020.

September 15, 2023
Member of a racket that duped businessmen with fake forex held in Kannur

The accused cheated businessmen by offering fake foreign currency.
July 03, 2023
ED questions Anil Ambani in fresh FEMA case

Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act.
April 13, 2023
ED files case against BBC India for foreign exchange violations

The ED has also called for documents and the recording of statements of some company executives under provisions of the Foreign Exchange Management Act.
July 19, 2022
Rupee hits all-time low of 80 against US dollar

Global risk aversion has led to rupee depreciation against the dollar.
March 21, 2022
India's forex reserves plunge by over $9.6 bn, steepest dip in 2 years

Accordingly, the Reserve Bank of India data showed that India's forex reserves fell to $622.275 billion from $631.920 billion reported the previous week.
January 21, 2020
Delhi court extends NRI businessman Thampi's custody by ED

Thampi has been charged by the agency in the past in alleged illegal hawala dealings and land purchase case in the country in 2017.