Genpact Case: Karnataka HC Upholds ED Seizure Order Over Alleged Rs 7,635.9 Crore Transfer

ED alleged that Rs 7,635.9 crore, comprising Rs 4,600 crore in principal and Rs 3,035.90 crore in interest was transferred to Genpact Luxembourg, with FDI round-tripping and the NCD route were used to move funds abroad.