RBI suggests ED probe into DE Shaw deal

RBI suggests ED probe into DE Shaw deal

The matter relates to an 18 per cent stake purchase by DE Shaw in Amar Ujala in 2007, but the company later accused the US-based company of indulging in fraudulent practices in this deal.

RBI has written to the Finance Ministry that the matter can be referred to ED, which possesses investigation and adjudication powers under FEMA (Foreign Exchange Management Act), sources said.

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