Karnataka HC asks Google to furnish 50% of FEMA penalties as bank guarantee

The Karnataka High Court has directed Google India and three of its senior executives to provide bank guarantees covering 50 per cent of the penalties imposed on them by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (Fema).

Earlier, the ED had slapped a ₹5 crore penalty on Google India, along with a combined fine of ₹45 lakh on the three officials. The case pertains to suspected infractions of Section 6(3)(d) of Fema, related to transactions totaling ₹364 crore.