BBC Fined for Alleged Foreign Exchange Violations in India

India's Enforcement Directorate fined the BBC for foreign exchange violations. The broadcaster faces penalties due to not reducing foreign ownership. The fine follows tax raids after a controversial documentary on Narendra Modi's leadership during the 2002 Gujarat riots.

India's Enforcement Directorate has imposed a fine of 314,510 pounds on the British broadcaster BBC, due to alleged foreign exchange violations, according to three government sources that communicated with Reuters.

The investigation into the broadcaster commenced in April 2023, two months post-tax raids at BBC offices in Delhi and Mumbai, and was conducted under the Foreign Exchange Management Act.

The Enforcement Directorate can adjudicate and impose penalties for foreign exchange-related offenses. The fines relate to BBC’s failure to reduce foreign ownership in its Indian operations and additional fines were levied on three company directors.