As per the breaking news, the Wall Street Journal has reported that the central government of India has announced that it investigating whether the Indian units of U.S. Internet companies Google Inc and Yahoo Inc may have violated the country’s foreign exchange laws.
The newspaper further reveals that notice have been sent to the Indian units that they are being investigated for potential violations.
The reports have been said from a senior official at a division of India’s central finance ministry, which monitors foreign exchange transactions as well as money-laundering activities. Read more
