ED searches India Cements Ltd offices in FEMA probe

Official sources revealed that Enforcement Directorate has undertaken searches at the offices of India Cements Ltd., a prominent Chennai-based cement manufacturer. This action is part of an investigation into potential foreign exchange violations. Over the past two days, two office locations in Chennai and one in Delhi were scrutinized by the federal probe agency, acting under the provisions of the Foreign Exchange Management Act (FEMA). Read The Rest at :