ED searches Vedanta-linked premises in FEMA violation probe
The Enforcement Directorate (ED) conducted searches at premises linked to Vedanta Group as part of a probe into alleged FEMA violations. This action follows the company's recent creditor approval for a significant demerger. Vedanta has stated that it is cooperating fully with the authorities during the investigation.
- ▪The ED searched Vedanta-linked premises in Delhi and Mumbai as part of a FEMA violation probe.
- ▪The investigation is focused on a refund of a brand fee from Vedanta Resources to Vedanta Ltd. in 2023.
- ▪This action comes a month after Vedanta secured creditor approval for a major demerger plan.
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ED searches Vedanta-linked premises in FEMA violation probeThe ED action comes a month after the company won creditor approval for a major demerger, splitting the conglomerate into four entities.Updated on: Jun 03, 2026 7:22 AM ISTBy HT CorrespondentShare viaCopy link The Enforcement Directorate (ED) on Tuesday carried out searches at premises which are linked to billionaire Anil Agarwal’s Vedanta Group as part of its probe into alleged violations of the foreign exchange management act (FEMA), officials said.ED searches at certain premises of the Vedanta group, including in Delhi and Mumbai, were carried out on Monday. (HT Archive)The searches at certain premises of the conglomerate, including in Delhi and Mumbai, were launched on Monday and continued on Tuesday, they added.
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