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ED's big action against BBC, a case registered under FEMA

Earlier in February, the Income Tax Department team raided BBC's Delhi and Mumbai offices.

New Delhi: The Enforcement Directorate (ED), taking major action against BBC, has registered a case under the Foreign Exchange Management Act (FEMA). This case has been registered in the case of irregularities in foreign funding. Earlier in February, the Income Tax Department team raided BBC's Delhi and Mumbai offices.


Allegations of violation of FDI rules

Official sources said that the ED has sought documents and recording of statements of some executive officers of the company under the provisions of FEMA. Sources said the alleged foreign direct investment (FDI) violations by the company are being probed. The move comes at a time when an Income Tax team 'surveyed' BBC office premises in Delhi in February.


Questions raised on income and profit figures

The Central Board of Direct Taxes (CBDT), the income tax's administrative body, had said at the time that media group BBC's income and profit figures shown by various entities operating in India were not in line with their operations in India and that its foreign units had Tax has not been paid on some amount sent abroad.

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