ED notice to Byju’s on Rs 9,000 crore Fema violation
Tuesday, 21 November 2023 The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore. The ED, which had initiated investigation against the startup earlier this year, has accused Think & Learn Pvt Ltd (Byju’s parent company) and its promoter of making significant foreign remittances and investments abroad that were allegedly in violation of the provisions of Fema, resulting in loss of revenue to the government.
More Storms Forecast to Hit , Midwest That’s Already Been Devastated , by Widespread Floods.
NBC reports that communities across the Midwest
have been devastated by days of flooding,
with more storms forecast to hit later in the week.
Recovery efforts and evacuations are taking place amid
an extreme heat wave, with temperatures exceeding
100 degrees Fahrenheit predicted in some impacted areas.
Over 220,000 people were left
without power from the storms,
according to PowerOutage.com. .
As of the morning of June 26, 24 rivers have
been classified as being in a major flood stage,
with at least two other rivers expected to join them. .
On June 25, entire communities
in Minnesota were left submerged
amid widespread flooding. .
According to local officials,
the Rapidan Dam, near Mankato,
Minnesota, is at risk of "imminent failure.".
At the same time, FEMA teams have
been dispatched to six counties in Iowa
that have been impacted by flooding. .
President Joe Biden announced a major disaster in
the state, making federal funds available to Iowan
individuals and businesses affected by the flooding.
President Joe Biden announced a major disaster in
the state, making federal funds available to Iowan
individuals and businesses affected by the flooding.
NBC reports that more storms are on the way,
with Missouri expected to experience the
worst of it on the evening of June 26. .
Severe winds are forecast to impact an estimated 61 million
people in an area crossing from New York to Kentucky,
in addition to large hail and isolated tornadoes. .
Severe winds are forecast to impact an estimated 61 million
people in an area crossing from New York to Kentucky,
in addition to large hail and isolated tornadoes.
Credit: Wibbitz Top Stories Duration: 01:30Published
Acting Enforcement Directorate (ED) chief Rahul Navin was on Wednesday appointed as the full-time director of the federal anti-money laundering agency. DNA
A Delhi court on Friday issued an order for the release of AAP leader Manish Sisodia, who was granted bail by the Supreme Court yesterday in the excise policy.. DNA
Ranchi: Former Jharkhand Chief Minister Hemant Soren was granted bail by the High Court in a land scam case, leading to his release from jail this morning. The court found that, prima facie, Soren is not guilty and is unlikely to commit another offense while on bail. His counsel, Arunabh Chowdhury, confirmed the bail was granted on a bond of ₹50,000 and two sureties of the same amount each. Soren, leader of the Jharkhand Mukti Morcha, was arrested by the Enforcement Directorate on January 31 on money laundering charges related to the acquisition of 8.86 acres of land in Ranchi. The court's decision followed earlier setbacks for Soren, including bail denials by both the Ranchi special court and the High Court, and the Supreme Court's refusal of interim bail. Soren has consistently denied the charges, accusing the ruling BJP of framing him to derail the opposition. Stay tuned for more updates on this developing story
#HemantSoren #JharkhandNews #LandScam #PoliticalDrama #EDInvestigation #ed #modi #narendramodi #oneindia #oneindianews
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