https://www.taxtmi.com/news?id=63189 A federal agency issued a FEMA show cause notice about the end use and FEMA compliance of roughly Rs 2,000 crore raised by KIIFB through masala bonds; the notice, framed as a quantified contravention akin to a penalty, does not require personal appearance. Named political figures allege the action is politically motivated, assert RBI approval for the issuance, note earlier investigatory requests targeted personal bank and directorship details rather than KIIFB transaction records, and report an unanswered judicial inquiry seeking agency explanation. en-us Mon, 01 Dec 2025 12:16:02 +0530 Mon, 01 Dec 2025 12:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63189 A federal agency issued a FEMA show cause notice about the end use and FEMA compliance of roughly Rs 2,000 crore raised by KIIFB through masala bonds; the notice, framed as a quantified contravention akin to a penalty, does not require personal appearance. Named political figures allege the action is politically motivated, assert RBI approval for the issuance, note earlier investigatory requests targeted personal bank and directorship details rather than KIIFB transaction records, and report an unanswered judicial inquiry seeking agency explanation. News - Mon, 01 Dec 2025 12:16:02 +0530 https://www.taxtmi.com/news?id=63189