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International News: The Indian Enforcement Directorate accused Dubai-backed real estate developer Emaar MGF Land Ltd on Tuesday of violating foreign exchange rules with investments worth 86 billion rupees ($1.51 billion) over the past eight years.

This edition of CNBC-TV-18s Prime Property takes a look at the debate on the draft realty bill and how Emaar MGF was slapped with a showcause notice for contravening foreign exchange laws.

Emaar Properties, Dubais largest developer, has said it is in the final stages of negotiation with Dubai Holding, a global investment holding company, to develop a 6.5-million square metre urban district located alongside Dubai Creek and adjacent to ...

The enforcement directorate (ED) has sent a notice to Dubai-based real estate company Emaar for an alleged foreign

NEW DELHI: The enforcement directorate on Tuesday charged real- estate developer Emaar MGF of violating foreign exchange regulations to the tune of R8,600 crore.The company was accused of violating the Reserve Bank of India's (RBI's)

The Rs 8,600 crore notice from the enforcement directorate (ED) on Emaar MGF on alleged violations of the Foreign direct investment (FDI) norms came nearly six years after the company first disclosed in a public document that it has acquired large ...

.6k crore fine notice The writer has posted comments on this article Deeptiman TiwaryDeeptiman Tiwary , TNN | Jun 6, 2013, 03.42 AM IST RELATED EmaarMGF was on Tuesday slapped with a show-cause notice of Rs 8,600 crore by the Enforcement Directorate for ...

How do real estate companies acquire land banks in this country? Often they use means that would circumvent rules and raise many eyebrows. And, as this story of how New Delhi-based realty major Emaar MGF acquired a Dehradun-based listed entity shows, the methods could be as varied as launching new entities in the name of the company's own employees, issuance of preference shares at a steep premium and cleverly-worded disclosures. And all this to take control of a pre-Independence company that ...

The Central Bureau of Investigation (CBI) has told the Principal Special Court for CBI Cases here that Koneru Rajendra Prasad, the sixth-accused in the Emaar Properties land deal scam, was part of...