{"id":597094,"date":"2023-08-10T12:11:17","date_gmt":"2023-08-10T06:41:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597094"},"modified":"2023-08-10T12:11:17","modified_gmt":"2023-08-10T06:41:17","slug":"ed-seizes-shares-held-by-goa-mining-barons-estate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ed-seizes-shares-held-by-goa-mining-barons-estate\/","title":{"rendered":"ED seizes shares held by Goa mining Baron&#8217;s Estate"},"content":{"rendered":"<p>The Directorate of Enforcement (ED) has seized the entire shares held by the estate of Goa-based businessman, the late Anil Salgaocar, in 33 companies over alleged foreign exchange violation in connection with assets held by Salgaocar outside India.<\/p>\n<p>&#8220;&#8230;by acquiring foreign exchange and holding assets outside India, late Anil Salgaocar contravened the provisions of section 4 of FEMA, 1999 for a total amount of $690,650,641 (approx. \u20b95,718 crore),&#8221; the federal agency said in a statement on Wednesday. &#8220;Accordingly, the entire shareholding of late Anil Salgaocar which has been transferred to estate of late Anil Salgaocar, in all 33 companies which varies from 0.1% to 99.9% has been seized by ED. These said 33 companies own 441 immovable properties located mainly at Goa and few at Mumbai and Karnataka,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Directorate of Enforcement (ED) has seized the entire shares held by the estate of Goa-based businessman, the late Anil Salgaocar, in 33 companies over alleged foreign exchange violation in connection with assets held by Salgaocar outside India. &#8220;&#8230;by acquiring foreign exchange and holding assets outside India, late Anil Salgaocar contravened the provisions of section 4 of FEMA, 1999 for a total amount of $690,650,641 (approx. \u20b95,718 crore),&#8221; the federal agency said in a statement on Wednesday. &#8220;Accordingly, the entire shareholding of late Anil Salgaocar which has been transferred to estate of late Anil Salgaocar, in all 33 companies which [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-597094","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=597094"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597094\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}