ED slaps Rs 3.44 cr fine on BBC India for flouting FDI norms

The Enforcement Directorate (ED) has imposed a penalty of Rs 3.44 crore on BBC World Service India for alleged contravention of foreign direct investment (FDI) regulations, agency officials said on Friday.

Additionally, the agency has fined the company’s directors — Giles Anthony Hunt, Indu Shekhar Sinha and Paul Michael — Rs 1.14 crore each for their role in overseeing the operations. The order was issued against the British broadcaster following adjudication under the Foreign Exchange Management Act (FEMA).