ED slaps fine of Rs 908 crore on DMK MP for violation of Fema

The Enforcement Directorate has penalized DMK MP S Jagathratchakan Rs 908 crore for violating foreign exchange rules, confiscating properties worth Rs 89.19 crore seized in September 2020. This follows an investigation initiated by a Tamil Nadu businessman and an adjudication order under the Foreign Exchange Management Act (Fema).