The Enforcement Directorate on Tuesday conducted searches at premises linked to the Vedanta Group as part of an investigation into alleged violation of the Foreign Exchange Management Act, PTI reported.
The details of the case were not immediately clear.
A spokesperson of the Anil Agarwal-led conglomerate told CNBC-TV18 that the Vedanta Group was “extending full cooperation” to the authorities and providing all information that has been sought.
The company is committed to complying with the laws and regulations, the spokesperson was quoted as saying.
The conglomerate said that it cannot comment on the matter further as it is “under a regulatory process”.
The central law enforcement agency has not yet commented on the matter.
This is a developing story. It will be updated as new details become available.
Edited by Nachiket Deuskar.
