HC tells Google to deposit 50% of FEMA fine

Karnataka High Court has directed Google India and three of its senior executives to furnish bank guarantees amounting to 50 per cent of the penalties imposed on them by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA).

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The ED had levied a penalty of Rs 5 crore on Google India and an additional Rs 45 lakh collectively on the executives. The case involves alleged breaches of Section 6(3)(d) of FEMA, concerning transactions worth Rs 364 crore. According to the ED, Google India made payments to Google Ireland as distributor fees and to Google US for equipment purchases, which were not settled for several years. T