ED issues show cause notice to ex-Amnesty India chief Aakar Patel for violation of foreign exchange law

The ED has issued a show cause notice to Amnesty India International and its former CEO Aakar Patel for alleged violation of foreign exchange law.

The Enforcement Directorate (ED) has issued a show cause notice to Amnesty India International and its former CEO Aakar Patel for alleged violation of provisions of the Foreign Exchange Management Act (FEMA).

The financial probe agency has also imposed a penalty to the tune of Rs 51.72 crore and Rs 10 crore respectively.

The alleged FEMA contravention is related to the borrowing and lending regulations to the tune of Rs 51.72 crore for rendering civil society activities in the country by getting remittances from its parent body, Amnesty International UK.