Submit bank guarantees for 50% of Rs 5cr fine for Fema violations, HC tells Google
Monday, 14 April 2025 The Karnataka High Court has instructed Google India and its executives to provide bank guarantees covering 50% of the penalties levied for alleged FEMA violations. These penalties, totaling Rs 5.45 crore, stem from transactions involving distributor fees to Google Ireland and equipment purchases from Google US. The Enforcement Directorate claims these transactions, lacking RBI approval, constitute unauthorized commercial loans.
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The BBC has been ordered to pay Gerry Adams £84,000 after he won a libel case against the broadcaster. Adams said the case was about “putting manners on the BBC” and claimed it was out of step with the peace process in Ireland. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn