The Australian government has announced a gun buyback scheme in the wake of the Bondi Beach attack - its deadliest mass shooting in decades. The scheme is the largest since the Port Arthur massacre in 1996, which left 35 people dead and prompted Australia to introduce world-leading gun control
ED issues notices to Kerala CM, KIIFB officials over alleged FEMA violations
ED issues show-cause notices to Kerala CM, KIIFB officials over alleged FEMA violations worth ₹466.91 crore
The Enforcement Directorate (ED) issued show cause notices to Kerala Chief Minister Pinarayi Vijayan and officials of the Kerala Infrastructure Investment Fund Board (KIIFB) in connection with alleged violations under the Foreign Exchange Management Act (FEMA), officials said.
The notices were issued 19 days back on November 12, 2025, during adjudication proceedings, said the officials, adding "the noticees are not required to appear personally."
Besides the Kerala CM (Chairman, KIIFB), the notices were issued to KM Abraham (CEO, KIIFB), T M Thomas Issac (Vice Chairman, KIIFB), and KIIFB.
The case concerns alleged irregularities in KIIFB's external commercial borrowings (ECB) through Masala Bonds issued on the London and Singapore Stock Exchanges.
Officials said the KIIFB had raised ₹2,672.80 crore via rupee-denominated bonds for infrastructure funding.
However, it is alleged that "a portion of the raised funds -- amounting to ₹466.91 crore -- was used for purchasing land, a transaction reportedly prohibited under Reserve Bank of India's Master Direction No. 5/2015-16 and Circular No. 17 dated September 29, 2015."
The officials also cited a June 1, 2018, RBI communication reiterating the restriction.
A formal complaint under FEMA was filed on June 27, 2025. After examining the matter, the adjudicating authority issued the notices.
The development marks a significant escalation in the ongoing inquiry surrounding KIIFB's financial operations and borrowing practices through international markets. Further details awaited (ANI)
Source: LiveMint
Related Posts: Chi-Chi’s restaurant confirms comeback date Enforcement Directorate summons Robin Uthappa Rs 4.5 Crore Assets Seized In MP Education Scam By Enforcement Directorate Enforcement Directorate summons Robin Uthappa 17 golfers face show cause notices for playing in Yuvraj-backed Indian Golf Premier League Publish names of voters issued ‘logical discrepancy’ notices Display names of voters issued ‘logical discrepancy’ notices Notices issued informing voters that Aadhaar can be submitted with claims Farah Khan says Aryan Khan ‘has been obsessed’ with Rajat Bedi since childhood A China factory next to a weed-filled lot has become a global auto-chip choke point
The Australian government has announced a gun buyback scheme in the wake of the Bondi Beach attack - its deadliest mass shooting in decades. The scheme is the largest since the Port Arthur massacre in 1996, which left 35 people dead and prompted Australia to introduce world-leading gun control
2 months ago
