FEMA Violation: ED Imposes Rs 184 Crore Fine on NewsClick

FEMA Violation: ED Imposes Rs 184 Crore Fine on NewsClick.webp

New Delhi, February 16 The Enforcement Directorate has imposed a penalty of Rs 184 crore under the FEMA against the news portal NewsClick and its editor-in-chief, Prabir Purkayastha, official sources said on Monday.

The order specifies that the company that owns the portal – PPK NEWSCLICK Studio Private Limited – has been penalized for an amount of Rs 120 crore, while Purkayastha has been issued a similar order for alleged violations amounting to Rs 64 crore, the sources told
 
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compliance editor-in-chief enforcement directorate fema financial regulation foreign exchange management act india new delhi news portal newsclick penalty ppk newsclick studio private limited prabir purkayastha regulatory action rs 184 crore
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