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Big B served notice over foreign transaction

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By: Sunil Noronha
Friday, June 22, 2007
Actor Amitabh Bachchan has found himself in another controversy - this time violating the Foreign Exchange Management Act. According to a Public Intrest Litigation, the star has arranged fo the transfer of Rs. 10 crore in addition to 6 million US dollars without the mandatory approval of the Reserve Bank of India.

The petitioner, journalist Nirmal Thakur, has brought forth the minutes of the meeting where the deal was made as proof of the transaction. A notice has been served on the actor.

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