Aakar Patel is the former CEO of Amnesty India International
New Delhi:
Amnesty India International Pvt. The ED on Friday said Ltd and its former CEO Aakar Patel have been fined Rs 51.72 crore and Rs 10 crore respectively for violation of foreign exchange law.
The federal agency said it initiated action against the duo based on information that Amnesty International, UK made foreign contributions following the FDI route through its Indian entities (non-FCRA companies) to avoid foreign contributions. Sending a large amount”. Regulation Act (FCRA) to expand its NGO activities in India.
This was despite the Home Ministry denying prior registration or permission to Amnesty International India Foundation Trust (AIIFT) and other trusts under FCRA.
The Enforcement Directorate said the show-cause notice of the penalty was issued as the money was received in “contravention” of the provisions of the Foreign Exchange Management Act (FEMA).
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