ED issues FEMA show cause notice of Rs. 7,220 crore on Kolkata-based jewellery house

The Enforcement Directorate (ED) has issued a FEMA show cause notice of Rs. 7,220  crore on  a Kolkata-based jewellery house for allegedly indulging in illegal foreign exchange abroad. The ED  has charged Shree Ganesh Jewellery House Ltd and its promoters by an order issued by the adjudicating authority of the Foreign Exchange Management Act (FEMA) in Kolkata. The ED has said that the company and its promoters  have been charged under FEMA for resorting to unauthorised foreign exchange dealings,...