https://www.taxtmi.com/news?id=63169 The Enforcement Directorate issued a Rs 466-crore show cause notice under FEMA alleging quantified contraventions concerning the end use of about Rs 2,000 crore raised by KIIFB through masala bonds; the notice, issued after investigation and not requiring personal appearance, names the state chief minister, a former finance minister, and the principal principal secretary and addresses whether KIIFB's utilisation of proceeds from its 2019 masala bond issue complied with FEMA norms. en-us Mon, 01 Dec 2025 09:16:03 +0530 Mon, 01 Dec 2025 09:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63169 The Enforcement Directorate issued a Rs 466-crore show cause notice under FEMA alleging quantified contraventions concerning the end use of about Rs 2,000 crore raised by KIIFB through masala bonds; the notice, issued after investigation and not requiring personal appearance, names the state chief minister, a former finance minister, and the principal principal secretary and addresses whether KIIFB's utilisation of proceeds from its 2019 masala bond issue complied with FEMA norms. News - Mon, 01 Dec 2025 09:16:03 +0530 https://www.taxtmi.com/news?id=63169