Daijiworld Media Network - New Delhi
New Delhi, Jun 2: The Enforcement Directorate (ED) on Tuesday conducted searches at locations linked to the Vedanta Group as part of an investigation into alleged violations under the Foreign Exchange Management Act (FEMA).
Officials said the searches were underway as part of a FEMA-related probe. Further details regarding the nature of the alleged violations were not immediately available.
The action forms part of the agency's ongoing investigation into foreign exchange-related transactions and compliance issues.
An official response from Vedanta Group was awaited at the time of filing this report.
The ED has not yet issued a detailed statement on the searches or disclosed the specific allegations being examined under the FEMA investigation.