Monday, 16 March 2015

Proceedings quashed against bank officials for violating FERA as ED had already dropped allegation a

FEMA: Where Enforcement Directorate had dropped allegations of consent and connivance on part of appellant - bank officials in show cause notice alleging contravention of sections 6 and 49 of FERA, complaint levelling allegations of consent and connivance by appellants was to be quashed


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