The Enforcement Directorate (ED) has searched 13 locations in Delhi NCR and Hyderabad connected to the B C Jindal group and its promoters, including Shyam Sunder Jindal, over suspected violations of the Foreign Exchange Management Act (FEMA), 1999. According to an official update shared by the agency on its X handle, the operation, conducted on 18 and 19 September - focused on group entities accused of remitting funds abroad through sham transactions and inflated valuations of foreign assets.

ED, Headquarters Office, New Delhi, has conducted search operations under FEMA 1999 on 18th and 19th September, 2025 at 13 premises located in Delhi NCR and Hyderabad connected with the group companies of B C Jindal and Shyam Sunder Jindal, its Directors and other officer…

— ED (@dir_ed) September

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