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Notices served to Vasan Health Care, Advantage Strategic Consulting

Posted By: Doraiah Vundavally April 17, 2017

Notices served to Vasan Health Care, Advantage Strategic ConsultingChennai, April 17 (IANS) The Enforcement Directorate (ED) on Monday said it has issued notices to Vasan Health Care Pvt Ltd and Advantage Strategic Consulting for violation of the Foreign Exchange Management Act (FEMA) totalling to Rs 2,307 crore.

The two companies are connected to former Finance Minister P. Chidambaram's son Karti P. Chidambaram.

The ED said it had served notice to Vasan Health Care Pvt. Ltd of Rs 2,262 crore.

 

Advantage Strategic Consulting was served Rs 45 crore for sale of Vasan's shares to overseas investors.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Notices served to Vasan Health Care, Advantage Strategic Consulting

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.