ED registers case against BBC India for alleged foreign exchange violations

The Enforcement Directorate (ED) on Thursday registered a case against the British Broadcasting Company (BBC), India, under provisions of the Foreign Exchange Management Act (FEMA) for alleged foreign exchange violation and has summoned a senior journalist to appear before it with certain documents, sources in the agency said.

The sources said that in the past few days, several officials and layers of the BBC, India, have deposed before the agency and submitted documents relating to the case linked to the alleged violation of income tax rules.

Earlier in February, the Income Tax Department had carried out surveys at the premises of the BBC in New Delhi and Mumbai, on what it alleged was “non-compliance” with transfer pricing rules and diversion of profits.