ED confiscates agricultural land worth Rs 1.76 cr of ex-director of private company
By ANI | Published: December 3, 2021 09:18 PM2021-12-03T21:18:34+5:302021-12-03T21:30:13+5:30
Enforcement Directorate on Friday has confiscated agricultural land measuring 4.26 acres worth Rs 1.76 Crore of an NRI who is a former director of M/s Laundry Spot Private Limited for contravening the provisions of the Foreign Exchange Management Act (FEMA).
Enforcement Directorate on Friday has confiscated agricultural land measuring 4.26 acres worth Rs 1.76 Crore of an NRI who is a former director of M/s Laundry Spot Private Limited for contravening the provisions of the Foreign Exchange Management Act (FEMA).
A penalty of Rs 21.96 lakhs has also been levied.
"ED has confiscated agricultural land measuring 4.26 acre worth Rs 1.76 Crore of an NRI, former director of M/s Laundry Spot Private Limited for contravening the provisions of FEMA, 1999. A penalty of Rs 21.96 lakhs has also been levied," tweeted ED.
( With inputs from ANI )
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