New Delhi: A foreign exchange violation case against the Apollo Hospitals network and five of its directors has been "terminated" following issuance of a compounding order by the RBI and the business group making a one-time payment of over Rs 17.76 crore apart from Rs 18 lakh each by the executives, the Enforcement Directorate said on Wednesday.
The alleged four-point contraventions which were finalised for adjudication under the Foreign Exchange Management Act (FEMA) post the investigation totalled more than Rs 2,424 crore, the central agency said in a statement.
