ED slaps Rs 3.44 cr penalty on BBC World Service India; fines 3 directors

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

The federal probe agency also fined three of its directors with more than Rs 1.14 crore each as it issued an order against the British broadcaster following adjudication under the Foreign Exchange Management Act (FEMA).