fema: ED imposes over Rs 61 cr fine on Amnesty India and its ex-CEO Aakar Patel for FEMA violations – The Economic Times Video

The Enforcement Directorate (ED) Friday stated it has slapped a complete penalty quantity of greater than Rs 61 crore in opposition to Amnesty India and its former head Aakar Patel for contravening the Indian foreign currency echange legislation. The federal probe company display led to Amnesty India Global Pvt. Ltd (AIIPL) with a penalty understand, issued below the Overseas Change Control Act (FEMA), of Rs 51.72 crore, whilst the advantageous quantity in opposition to Patel is Rs 10 crore. The order has been issued on crowning glory of the probe by means of the adjudicating authority of FEMA, which is a unique director rank officer of the ED.

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