Enforcement Directorate (ED) Seizes Property of 103 Persons Worth Rs. 2406.28 Lacs under FEMA in Last Two Years

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..... Enforcement Directorate (ED) Seizes Property of 103 Persons Worth Rs. 2406.28 Lacs under FEMA in Last Two Years
News and Press Release
Dated:- 29-11-2012

Press Information Bureau Gover .....

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..... nment of India Ministry of Finance 29-November-2012 17:58 IST Enforcement Directorate of the Ministry of Finance has registered 1993 cases under the provisions of Foreign Exchange Management Act, 1 .....

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..... 999 (FEMA) in the last two years and property of 103 persons valued at Rs. 2406.28 lacs was seized, during investigation. Similarly, Enforcement Directorate has registered 396 cases under the Prevent .....

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..... ion of Money Laundering Act, 20102 (PMLA) and during investigation property of 58 persons valued at Rs. 56965.32 lacs was attached in the same period. In the interest of investigation under the provi .....

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..... sions of FEMA/PMLA, the names/details of individuals can not be disclosed by the Enforcement Directorate. This was stated by the Minister of State for Finance, Shri S.S. Palanimanickam in a written r .....

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..... eply to a question in the Rajya Sabha today. * * * DSM/RS/ka
News - Press release - PIB .....

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