Karnataka High Court orders Google to give bank guarantee for 50% of Rs 5 crore fine in FEMA violations case

Bengaluru: The Karnataka High Court has directed Google India Private Limited (GIPL) and its officers to pay 50 per cent of the penalty imposed by the authorities for violating the provisions of the Foreign Exchange Management Act (FEMA). The Enforcement Directorate (ED) was before the HC challenging the January 11, 2019 order of the Appellate Tribunal staying the penalties until the disposal of the matter.