New Delhi: Tightening the noose around Baba Ramdev, the Enforcement Directorate (ED) has issued notices to four companies and trusts linked to the Yoga Guru for allegedly violating the norms of Foreign Exchange Management Act (FEMA).

A senior official of the ED said the notices have been issued to Vedic Broadcasting Limited which runs Aastha channel, Patanjali Ayurved Limited and Divya Yog Trust for violating the FEMA norms.

He claimed that the next action will be initiated in this regard after examining the replies of the companies.

Official said the Aastha Channel broadcasts programmes in several countries but it has not informed the RBI about the income.

It is worth mentioning that the Reserve Bank of India informed the ED that companies had exported ayurvedic medicines and other products but did not inform it about Rs 1.8 crore they were supposed to receive in exchange. It amounts to clear violation of FEMA, said the RBI.

Baba Ramdev’s close aide Balkrishna holds 99.9 percent stake in the Vedic Broadcasting Limited.

JPN/Bureau