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ED raids CSK owner Srinivasan's firm India Cements in FEMA probe
short by Ashley Paul / on Thursday, 1 February, 2024
ED raided offices of India Cements, led by IPL team Chennai Super Kings' owner N Srinivasan, as part of a Foreign Exchange Management Act (FEMA) probe on Wednesday and Thursday. Confirming the raids, the company said it has provided all clarification/documents sought by ED officials. A report stated that the searches were conducted at the company's Chennai and Delhi offices.