New Delhi/Kohima, Nov 6
The Enforcement Directorate (ED) has carried out search operations at seven premises across Nagaland, Assam and Tamil Nadu in connection with a case involving violations of the provisions of the Foreign Exchange Management Act (FEMA), 1999, the central probe agency said on Thursday.
The sleuths of the ED, Dimapur Sub-zonal office, carried out search operations at seven premises across Nagaland, Assam and Tamil Nadu on Tuesday in connection with a case.
Such non-compliance with export obligations and suppression of documentary evidence constitute contraventions of the provisions of the FEMA vis-à-vis several directions issued by RBI from time to time.
The searches resulted in the seizure of crucial digital and documentary evidence, and further investigation is in progress, the ED stated.