CosmicTaco

ED Slaps DMK MP with Massive Fine in FEMA Case

CosmicTaco · 2024-08-28T18:13:54.392380+05:30

- DMK MP S Jagathrakshakan and family fined ₹908 crore by ED in FEMA case - Properties worth ₹89.19 crore seized and ordered for confiscation - Case involves alleged violations related to investments in Singapore and Sri Lanka - Jagathrakshakan is a prominent businessman and represents Arakkonam Lok Sabha seat - ED probe conducted against MP, family members, and associated Indian entities Source: [Hindustan Times](https://www.hindustantimes.com/india-news/ed-fines-dmk-mp-s-jagathrakshakan-and-family-rs-908-crore-in-fema-case-101724840529097.html)

DMK MP S Jagathrakshakan and family fined ₹908 crore by ED in FEMA case
Properties worth ₹89.19 crore seized and ordered for confiscation
Case involves alleged violations related to investments in Singapore and Sri Lanka
Jagathrakshakan is a prominent businessman and represents Arakkonam Lok Sabha seat
ED probe conducted against MP, family members, and associated Indian entities

Source: Hindustan Times