Enforcement Directorate Uncovers Complex International Fund Transfer Scheme The Enforcement Directorate has exposed what investigators describe as a sophisticated scheme involving the alleged siphoning of Rs505.14 crore to Dubai-based entities by the BC Jindal Group, following comprehensive search operations conducted on September 18-19, 2025. The raids, spanning 13 premises across Delhi NCR and Hyderabad under the Foreign Exchange Management Act (FEMA), have revealed what investigators describe as "sham transactions" designed to circumvent India's foreign exchange regulations. The investigation centers on allegations that Shyam Sundar Jindal, along with his wife Shubhdra Jindal and son Bhavesh Jindal, orchestrated the transfer of funds to their overseas entity, Topaz Enterpris

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