FEMA Probe Against Apollo Hospitals Closed With Huge Penalty

The ED closed its FEMA investigation against Apollo Hospitals and five directors after RBI issued a compounding order. The hospital paid over ₹17.76 crore, while each director paid ₹18 lakh. Alleged contraventions involved receiving FDI in retail trading, FCCB issuance, and breaching sectoral caps, totalling ₹2,424 crore. The compounding settled the case.