ED slaps Rs 3.44 Crore penalty on BBC, fines three directors

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).

The adjudication proceedings were initiated after a show-cause notice was issued on August 4, 2023, to BBC WS India, its three directors, and the finance head for various “contraventions” under the said law.