Directorate for Maintaining BC Jindal Group, Fema offense.

New -Delhi, September 24 (IANS). The Directorate for Enforcement (ED) acted on September 18 and 19 against BC Jindal Group businesses and their directors in the alleged violation of the Foreign Exchange Management Act (FEMA), 1999. (Jidpl), Jindal India Powartech Limited, and Jindal Poly Limited (Jinpl), Jindal India Powartech Limited, and Jindal Poly Limited ((JPFL) with director Shyam Sundar Jindal, his wife Shubhadra Jindal and son Bhavhesh Jindal. -Group the Fema Rules violated through foreign investment and money. (ODI) transferred. Group businesses at a low price sold. of Topaz and that it has invested in foreign enterprises of the Jindal family in the Netherlands, America, Belgium, Italy, Singapore and other countries. .. Shyam Sundar Jindal is the beneficial owner of these foreign units and 100 percent shareholder of Topaz. That he was in Hong Kong.