ED Files Case Against BBC Over Foreign Exchange Violations

The federal probe agency has also called for documents and the recording of statements of some company executives under provisions of the Foreign Exchange Management Act (FEMA), they said.

It has been reported that the probe is essentially looking at purported foreign direct investment (FDI) violations by the company and has asked them?to furnish their books of accounts and financial statements.

ED'a move comes after months since?Income Tax department surveyed the BBC and sent its teams to the broadcaster's offices in Delhi and Mumbai over allegations of irregularities in taxes, diversion of profits and non-compliance with rules.

During the survey, senior BBC staff had to stay in the office overnight to respond to questions.

.The Central Board of Direct Taxes (CBDT), the administrative body for the I-T department, had then said the income and profits shown by various BBC group entities were "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities

(With PTI Inputs)