PI Global Investments
Finance

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)



Source link

Related posts

GCC states continue to consolidate their position as global power

D.William

Building Africa’s financial future: CPF Group’s regional growth journey with KIFC| The New Times – The New Times

D.William

When will mortgage rates go down? Waiting for a bond market break.

D.William

Leave a Comment