ED slaps Rs 3.44 crore fine on BBC India for alleged FEMA violations

NEW DELHI: 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 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).