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ED searches Vedanta-linked premises in Mumbai and Delhi in FEMA probe

The Enforcement Directorate conducted searches at premises linked to the Vedanta Group in Delhi and Mumbai as part of a FEMA investigation. Officials are examining documents related to alleged brand fee payments made by group entities to their parent company and compliance with foreign exchange regulations

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Representational image. File pic

Representational image. File pic

The Enforcement Directorate (ED) has conducted searches at two premises linked to the Vedanta Group in Delhi and Mumbai as part of an investigation under the Foreign Exchange Management Act (FEMA), senior agency officials said on Tuesday. 

According to officials, the searches, which have concluded, are related to alleged brand fee payments made by group entities to their parent company, reported IANS. 

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