ED slams 100-cr penalty on Rajasthan Royals! official

The Enforcement Directorate on Monday (February 4) slapped Rs 100 crore penalty for alleged Forex violations on Indian Premier League team Rajasthan Royals. The Adjudicating Authority has imposed penalties of about Rs 100 crores on IPL Franchise Jaipur IPL Cricket Pvt Ltd (JIPL) - Owners of IPL Team Rajasthan Royals, its Directors and its investors for various contraventions under FEMA.