The Enforcement Directorate conducted searches at Pune and Ahmednagar in late May in connection with Foreign Exchange Management Act violations by VIPS Group of Companies and Global Affiliate Business managed and controlled by one Vinod Khute and his relatives.
The Enforcement Directorate (ED) recently raided the premises of VIPS Group and Global Affiliate Business in Pune and Ahmednagar, which resulted in the seizure of assets worth Rs 18.54 crore under the Foreign Exchange Management Act (FEMA).The .
The Enforcement Directorate conducted searches at Pune and Ahmednagar in late May in connection with Foreign Exchange Management Act violations by VIPS Group of