The Enforcement Directorate has conducted searches at premises linked to Vedanta Group as part of an investigation into alleged violations under the Foreign Exchange Management Act (FEMA), officials said on Tuesday.
The searches were carried out on Monday at multiple locations, including Delhi and Rajasthan, as the federal agency initiated a foreign exchange violation probe against the global mining conglomerate promoted by billionaire Anil Agarwal.
Officials said the investigation pertains to alleged contraventions under FEMA’s civil provisions
