The move comes after the RBI received information on these accounts from banks in India and abroad. The cases referred to the ED will be investigated under the Foreign Exchange Management Act (FEMA), said sources. Several Indians named in The Panama Papers have claimed that the offshore accounts they set up via Mossack Fonseca conform to RBI rules and were declared to the I-T department.
ChampOne is unheard of, but it is attempting to pull off a Ringing Bells, which created a buzz in the smartphone market with its Freedom 251.
"All rivalries and grudges will remain in the past," said,leader of the Revolutionary Armed Forces of Colombia, Rodrigo Londono.
Investment from VCs has slowed to $583 mn in June-quarter of the ongoing year.