Chennai, 6 May (H.S.): The Enforcement Directorate (ED) today conducted searches at multiple locations in Chennai and other areas on November 11, 2024, as part of an investigation into alleged foreign exchange violations under the Foreign Exchange Management Act (FEMA). Around ten locations were raided in connection with the probe.

The ED’s action is aimed at uncovering potential irregularities in foreign exchange transactions. Details about the specific entities or individuals being investigated are not readily available. However, sources indicate that the probe is focused on determining the extent of FEMA violations.

The investigation is ongoing, and further developments are awaited. The ED’s move reflects the agency’s efforts to enforce compliance with foreign exchange regulations and prevent illicit financial flows.

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Hindusthan Samachar / Dr. R. B. Chaudhary