Patanjali Under Fire: Baba Ramdev’s Firm Faces Scrutiny Over Financial Deal
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2 Articles
Patanjali Ayurved Faces Fresh Scrutiny Over Suspicious Financial Transactions, Adds to Regulatory Woes
Patanjali Ayurved, founded by yoga guru Ramdev, is facing fresh scrutiny from the Ministry of Corporate Affairs (MCA) over suspicious financial transactions. The probe follows a report by federal economic intelligence agencies that flagged certain transactions as potentially irregular. The government investigation is looking into possible fund diversion and alleged violations of corporate governance norms within the company. In response, the MCA…
Patanjali Under Fire: Baba Ramdev’s Firm Faces Scrutiny Over Financial Deal
According to a media report, the Centre is seeking an explanation from Patanjali Ayurved Ltd on a number of financial transactions that federal economic intelligence services have identified as suspicious.The company has received a notification from the Ministry of Corporate Affairs, which is also looking into possible fund diversion and corporate governance violations.Yoga guru Ramdev's company's flagged transactions were judged "abnormal and d…
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