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ED seizes Rs 22-crore properties of Rana Sugars
The Directorate of Enforcement (ED) has seized immovable properties worth Rs 22.02 crore of Rana Sugars Limited for holding foreign exchange outside India in contravention of Section 4 of the Foreign Exchange Management Act (FEMA). Rana Inder Partap Singh, Independent MLA from Sultanpur Lodhi and son of Congress’ Kapurthala MLA Rana Gurjeet Singh, is the […]
cityfalcon.com·5mo ago
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ED Seizes Assets Worth Over 22 Crore Of Punjab Congress MLA Rana Gurjit Singh And His Son
It may be recalled that the ED had been pursuing the FEMA case against the Rana Sugars Ltd, its promoters, directors and others in connection with issuance of global depository receipts (GDR) and non-utilisation of the entire GDR proceeds, since the past few years.
cityfalcon.com·5mo ago
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ED seizes properties worth Rs 22.02 crore of Sultanpur Lodhi MLA’s Rana Sugars Ltd
The Directorate of Enforcement (ED), Jalandhar, has seized immovable properties worth Rs 22.02 crore of Rana Sugars Ltd for holding foreign exchange outside India, in contravention of Section 4 of the Foreign Exchange Management Act. Rana Inder Partap Singh, Independent MLA of Sultanpur Lodhi and son of Congress Kapurthala MLA Rana Gurjeet Singh, is the […]
cityfalcon.com·5mo ago

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