ED seizes Rs. 8.26 Cr of Pigeon Education Wholly Owned by Chinese nationals under FEMA provisions

ED seizes Pigeon Education Wholly Owned by Chinese nationals - under FEMA provisions - TAXSCAN

The Directorate of Enforcement has seized Rs. 8.26 Crores of Pigeon Education Technology India Private Limited under the Section 37A of the Foreign Exchange Management Act,1999.  The organisation, operating under the name Odaclass and offering online education, was 100 percent Chinese and misappropriated Rs. 82.72 crore for China. The Director and Assistant Director of ED…

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