NEW DELHI: India's financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday (Apr 13), months after tax officials searched the broadcaster's Mumbai and Delhi offices. The tax raids in February had come close o
NEW DELHI: India's financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday , months after tax officials searched the broadcaster's Mumbai and Delhi offices.
The latest investigation is being conducted by the Enforcement Directorate under India's Foreign Exchange Management Act. The agency issued a notice to the BBC in March and questioned some employees earlier this month, said the source, who declined to be named citing the sensitivity of the matter. The Foreign Exchange Management Act, 1999, is a civil law and the ED conducts investigations into suspected contraventions of it to"adjudicate and impose penalties" on those found guilty, it says on its website.
Relations between India and Britain, who are working to seal a delayed free-trade agreement, have also been strained by protests outside the Indian High Commission in London last month.
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