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India fines BBC for alleged foreign exchange violations, sources say

  • The Enforcement Directorate fined BBC World Service India Rs 3.44 crore for violating the Foreign Exchange Management Act, according to reports from agency officials.
  • Three directors of BBC World Service India have been fined over Rs 1.14 crore each for their roles in the violations.
  • The BBC announced plans to restructure its operations in India, establishing a new company named Collective Newsroom to produce local content.
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NDTVNDTV

BBC World Service India Fined Rs 3.44 Crore For Foreign Exchange Violation

The Enforcement Directorate has levied a penalty of more than Rs 3.44 crore 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). A BBC spokesperson said …

·New Delhi, India
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Indian ExpressIndian Express

Two years after registering case over FEMA violations, ED slaps Rs 3.44 crore penalty on BBC India

The ED lodged the case following Income-Tax Department surveys at the BBC premises in New Delhi and Mumbai in February 2023 for alleged “non-compliance” with transfer pricing rules and diversion of profits.

·India
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OpIndiaOpIndia

ED slaps Rs3.44 crore penalty on BBC India for FEMA violations

The Enforcement Directorate (ED) has imposed a penalty exceeding ₹3.44 crore on BBC World Service India for violations of Foreign Direct Investment (FDI) regulations under the Foreign Exchange Management Act (FEMA).

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The PrintThe Print

ED fines BBC World Service India Rs 3.44 crore for FEMA violations, penalises 3 directors too

ED’s FEMA case came after an Income Tax Department survey of the BBC’s offices in New Delhi and Mumbai in February 2023 found violations.

·New Delhi, India
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ReutersReuters
+4 Reposted by 4 other sources

India fines BBC for alleged foreign exchange violations, sources say

India's financial crime fighting agency has fined British broadcaster BBC 314,510 pounds ($397,980) for alleged foreign exchange violations in the South Asian nation, three government sources told Reuters.

·United Kingdom
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The HinduThe Hindu

ED issues order levying penalty of over ₹3.44 crore on BBC World Service India for alleged FEMA violations

Enforcement Directorate fines BBC India for FEMA violation, directors fined, restructuring announced to comply with FDI rules.

·India
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Deccan Herald broke the news in Karnataka, India on Friday, February 21, 2025.
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