Vedanta Ltd Offices Visited by Enforcement Directorate in FEMA Probe
Vedanta Ltd has confirmed that the Enforcement Directorate (ED) team conducted searches at some offices belonging to the company and its subsidiary, Hindustan Zinc Limited.According to the update, the ED team’s visits relate to a probe concerning FEMA regulations, drawing attention to news items that appeared in the media regarding searches against the Vedanta Group.
The company stated that it is extending its full cooperation to the investigating authorities and is providing all the information that has been sought.
Vedanta Ltd confirmed that the proceedings initiated by the authorities are currently underway.
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