Tag: Devas Multimedia

ED
ED slaps Rs 1,585 crore penalty on Devas for forex violation

Bengaluru: The Enforcement Directorate (ED) imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act (FEMA) 1999, the agency said on Sunday. “The authority held Devas, its directors and foreign investors guilty of […]

  • Tuesday, 04 May 2021
scrollToTop