Usha Martin's managing director under ED scanner for alleged FEMA violations
The Enforcement Directorate (ED) has initiated a probe against the managing director of Usha Martin, the country's largest steel wire rope maker, in connection with alleged violations of the Foreign Exchange Management (FEMA) Act, official sources said on Friday.
![Usha Martin's managing director under ED scanner for alleged FEMA violations Usha Martin's managing director under ED scanner for alleged FEMA violations](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/15/64465-steel-reuters.jpg?itok=40RovgvS&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
It is understood that Rajeev Jhawar is under the ED's scanner for alleged irregularities in mobilizing funds to create assets abroad and few other issues. Image source: Reuters