Spaced-out logic: Trying to wind up Devas to avoid payments is unfortunate

Prior to the winding-up petition, as it happens, Devas was investigated by both the CBI and the Enforcement Directorate and, at one point, a fine of Rs 1,585 crore was imposed on it on grounds that the FDI it brought in—Rs 579 crore—violated India’s Fema rules.

from The Financial Express https://ift.tt/2Y34SJa
https://ift.tt/eA8V8J The Financial Express