Karnataka High Court upholds ED seizure and allows probe
Karnataka High Court cleared Enforcement Directorate actions against Genpact Limited, upholding seizure of a Gurgaon property under FEMA and allowing ED to probe pooled fund flows across Genpact India, Empower India and overseas units, with re-examination of a denied $100M GIF…
The Karnataka High Court upheld Enforcement Directorate action against Genpact Limited (NYSE:G), including seizure of a Gurgaon property under FEMA. The court also allowed the ED to probe pooled fund flows across Genpact India, Empower India and overseas units, and ordered re-examination of a denied $100M GIF…