Amaravati: Enforcement Directorate (ED) has imposed a penalty of Rs 40 crore on MP K Raghu Ramakrishna Raju for violating the Foreign Exchange Management Act (FEMA). The ED in its order said that Mauritius-based Strategic Energy Investments Ltd has invested Rs 202 crore in Raju-owned Ind Barath Sun Energy Pvt Ltd (IBSEPL) company. Out of the foreign direct investment (FDI) of