ED seizes properties worth Rs 22.02 crore of Rana Sugars Ltd for FEMA violation

Follow Us on Google News New Delhi, April 3 (IANS) In a major development, the Directorate of Enforcement (ED), Jalandhar, has seized immovable properties worth Rs. 22.02 Crore of M/s Rana Sugars Ltd for violating the Foreign Exchange Management Act (FEMA), 1999. The company has been accused of holding foreign exchange outside India in contravention … Read more