ED slaps Rs 3.44 crore penalty on BBC India for FEMA violations; three directors fined Rs 1.14 crore each

Two years after initiating a case under the Foreign Exchange Management Act (FEMA) against BBC India for alleged foreign exchange violations, the Enforcement Directorate (ED) on Friday imposed a penalty of Rs 3.44 crore on the broadcaster. The ED also fined three of its directors with a penalty of Rs 1.14 crore each.

In response, a BBC spokesperson told PTI that neither BBC World Service (WS) India nor its directors had received the adjudication order yet.