Tag: Foreign Exchange Management Act

ED questions Niranjan Hiranandani in FEMA probe

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ED questions Niranjan Hiranandani in FEMA probe

A file photo of Niranjan Hiranandani | Photo Credit: Karuunakaran M The Enforcement Directorate (ED) has questioned billionaire businessman Niranjan Hiranandani, the promoter of prominent Mumbai-based realty company Hiranandani Group, in a foreign exchange violation case, official sources said on Monday. The 73-year-old real estate tycoon is understood to have submitted some documents to the…

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Enforcement Directorate questions Paytm executives; gets documents on latest RBI action

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Enforcement Directorate questions Paytm executives; gets documents on latest RBI action

Paytm said its associate Paytm Payments Bank Limited does not undertake outward foreign remittances. | Photo Credit: Reuters “The Enforcement Directorate (ED) has questioned senior Paytm executives and taken submission of documents from them following the recent Reserve Bank of India (RBI) action of barring Paytm Payments Bank Limited from accepting deposits or top-ups in…

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