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Sep 02, 2019
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Intense focus on 'round-tripping': RBI, ED scrutiny raises spectre of harassment
The Reserve Bank of India and the Enforcement Directorate are investigating several companies that have received investments from their foreign subsidiaries or affiliates on the ground that such fund flows could indicate possible round-tripping, said people in the know. The central bank and ED, the agency that probes money laundering, have also started issuing notices to some individuals who have invested in Indian companies through investment arms registered abroad.
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