ALSO READED summons Geelani, Yasin for questioning over FEMA violations Air Asia CFO to appear before ED in FEMA violation case ED slaps Rs 75cr FEMA notice on firm for foreign LoC violation ED summons Yasin Malik, Geelani in money laundering, FEMA cases ED notice to NRI businessman for FEMA breach
The Enforcement Directorate (ED) on Monday said it has issued notices to Vasan Health Care Pvt Ltd and Advantage Strategic Consulting for violation of the Foreign Exchange Management Act (FEMA) totalling to Rs 2,307 crore.
The two companies are connected to former Finance Minister P. Chidambaram's son Karti P.
The ED said it had served notice to Vasan Health Care Pvt. Ltd of Rs 2,262 crore.
Advantage Strategic Consulting was served Rs 45 crore for sale of Vasan's shares to overseas investors.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)