The Indian Enforcement Directorate has levied a penalty of more than Indian Rs 3.44 crore ($397,980) on BBC World Service India for alleged contravention of foreign direct investment (FDI) regulations, agency officials said on Friday.
The federal probe agency also fined three of its directors more than Rs 1.14 crore each as it issued an order against the British broadcaster following adjudication under the Foreign Exchange Management Act (FEMA).
The agency, India’s Enforcement Directorate (ED), opened an investigation into the BBC in April 2023 under the Foreign Exchange Management Act, two months after tax authorities searched the broadcaster’s offices in Delhi and Mumbai.
