ED seizes Rs 106.93-cr of Chinese controlled firm in FEMA violation
Aug 26, 2021
New Delhi [India], August 26 : The Enforcement Directorate (ED) has seized an amount of Rs 106.93 crore lying in bank accounts and virtual accounts with payment gateways belonging to Chinese controlled firm PC Financial Services Private Limited (PCFC) on charges of violating Foreign Exchange Management Act, 1999 (FEMA) regulations.