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ED fines firm Rs 1.86 cr; Bengaluru police say it paid Janardhan Reddy to end case
The Enforcement Directorate (ED) imposed a penalty of Rs 1.86 crore for FEMA violations against a private firm currently under investigation by the Bengaluru Police for allegedly paying former Karnataka BJP minister G Janardhan Reddy Rs 20 crore to end an ED case registered against the firm in early 2018. Based on a complaint filed on February 2, 2018, the matter was adjudicated by the Joint Director and penalty to the tune of Rs 1.86 crores was recovered.
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