

ED Imposes ₹184 Crore FEMA Penalty on NewsClick and Founder Prabir Purkayastha
India’s financial enforcement agency, the Enforcement Directorate (ED), has imposed a penalty of ₹184 crore on digital media platform NewsClick and its founder-editor Prabir Purkayastha for alleged violations of the Foreign Exchange Management Act (FEMA), 1999. Officials stated that ₹120 crore of the penalty has been levied on the company, PPK NewsClick Studio Pvt Ltd, while ₹64 crore has been imposed on Purkayastha personally. The order followed adjudication proceedings ini

MGMMTeam
7 hours ago3 min read



















