Vedanta confirms no penalties imposed from searches by Indian financial crime-fighting agency
India's financial crime-fighting agency has not imposed any penalty or restriction following searches conducted at Indian multinational miner Vedanta's premises, the company said on Thursday.
The Economic Times reported on Tuesday that the Enforcement Directorate had conducted searches at Vedanta group locations in connection with a foreign exchange law probe, to which Vedanta said at the time it was extending “full cooperation”.
“There is no impact on financial, operation or other activities of the company,” the miner said today.
Vedanta has zinc, aluminium, lead copper, iron-ore, oil and gas, and steel operations in Australia, India and various African countries.
Source: Mining Weekly