Baba Ramdev in ED net over foreign exchange violation

The Enforcement Directorate on Today registered a foreign exchange violation case against Yoga guru Ramdev and his trust.

TOI had in its June 10 edition reported that Ramdev's flagship Patanjali Ayurveda had raised money through unrelated business transactions. It had taken deposits from retailers to sell their products. The sales graph of the company also showed uneven transactions. For instance, the proceeds from just two products, Amla and Aloe Vera juices, were to the tune of Rs 25 crore in one year.

Ramdev owns an island in Scotland "gifted" by one of his followers. Sources said the agency will go into the transaction details of the Poddar couple who gifted the island to the yoga guru and look into their linkage with Ramdev's trusts.