FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED
A foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compounding order. Apollo Hospitals Enterprises Limited made a one-time payment of over Rs 17.76 crore. The executives also paid Rs 18 lakh each. This settlement resolves alleged contraventions totalling more than Rs 2,424 crore.
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