Vedanta Ltd
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ED searches at Vedanta premises in three cities
Several premises of industrialist Anil Agarwal-led Vedanta Ltd in Delhi, Mumbai and Udaipur were on Monday searched by Enforcement Directorate (ED) in a suspected FEMA violation case involving transactions related to brand royalty between the UK-based Vedanta Resources and its Indian subsidiary Vedanta Ltd. The enforcement agency officials carried out a survey, searching for evidence on suspected remittances made in violation of Foreign Exchange Management Act (FEMA). A spokesperson for...