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India’s Vedanta says no penalty imposed following enforcement agency searches


June 4 (Reuters) – India’s financial crime-fighting agency ‌has not imposed ‌any penalty or restriction ​following searches conducted at Vedanta’s premises, the company said on Thursday.

The ‌Economic ⁠Times reported on Tuesday that the ⁠Enforcement Directorate had conducted searches at ​Vedanta group ​locations ​in connection ‌with a foreign exchange law probe, to which Vedanta said at the time it ‌was extending “full ​cooperation”.

“There is ​no ​impact on financial, ‌operation or other ​activities ​of the company,” the miner said ​today.

(Reporting ‌by Aleef Jahan in ​Bengaluru; Editing by ​Sonia Cheema)



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