ED to follow Ramdev's FEMA scent to Madagascar

August 10, 2011 17:05

Trouble ahead for Baba Ramdev. The Enforcement Directorate will soon approach their counterparts in the island nation of Madagascar to obtain information on transfer of thousands of dollars in connection with its probe against the yoga guru. The ED has found foreign remittances and inflow of certain amount of funds during its discreet probe in the case and will write to the foreign authorities under provisions of the Foreign Exchange Management Act.

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