RBI compounds FEMA violations in Apothecon Pharma case
New Delhi, July 16 (IANS) The Reserve Bank of India (RBI) has issued a compounding order in the case of Apothecon Pharmaceuticals Private Limited’s violations of the provisions of the Foreign Exchange Management Act (FEMA), which resulted in the closure of the ED investigation against the company with a one-time payment of Rs 40.52 lakh, according to a statement issued by the Directorate of Enforcement (ED) on Thursday.