ED slaps Rs 3.44 crore penalty on BBC World Service India; fines three directors over FDI regulations

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 adjudication order against the British broadcaster under the Foreign Exchange Management Act (FEMA).