ED slaps over Rs 229-cr FEMA show cause penalty against PwC
The ED has slapped an over Rs 229-crore FEMA violation show cause penalty notice against multi-national accounting firm PricewaterhouseCoopers (PwC), officials said on Friday. They said the notice was issued under the Foreign Exchange Management Act (FEMA) after completion of probe by the adjudicating authority which is the Special Director (Eastern Region) of the Enforcement Directorate. The penalty is amounting to USD 4,98,42,747 which is equivalent to Rs 2,29,67,21,906, the order accessed by PTI said. Читать дальше...