Enforcement Directorate raids ten offices of EMAAR MGF
New Delhi:Enforcement Directorate officials have raided at least ten offices of EMAAR MGF, the main company involved with the Commonwealth Games construction project, since this morning. Sources said that the raids began
this morning after the Enforcement Directorate received information about the
group being involved in Foreign Exchange Management Act (FEMA) violations. The
sources further said that the raids on the offices are taking place across various
locations in the National Capital Region (NCR). They said EMAAR MGF is being held
accountable for allowing money to go out of the country in violation of FEMA regulations
and also for allowing money to come into the country in violation of foreign exchange
rules. Further details are awaited.
