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Submit bank guarantees for 50% of Rs 5cr fine for Fema violations, HC tells Google

IndiaTimes Monday, 14 April 2025 ()
The Karnataka High Court has instructed Google India and its executives to provide bank guarantees covering 50% of the penalties levied for alleged FEMA violations. These penalties, totaling Rs 5.45 crore, stem from transactions involving distributor fees to Google Ireland and equipment purchases from Google US. The Enforcement Directorate claims these transactions, lacking RBI approval, constitute unauthorized commercial loans.
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Karnataka High Court Karnataka High Court High Court for Indian state of Karnataka


Enforcement Directorate Enforcement Directorate Law enforcement agency and economic intelligence agency of India

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