THE Centre has asked Patanjali Ayurved Ltd to explain a series of financial transactions flagged as suspicious by federal economic intelligence agencies, according to a report by Bloomberg. The Ministry of Corporate Affairs has issued a notice to the firm and is probing potential fund diversion and breaches of corporate governance. The flagged transactions of yoga guru Ramdev’s company were deemed “abnormal and dubious”, though specific figures have not been disclosed, as the investigation remains at a preliminary stage. Patanjali has been given roughly two months to respond to…
Read MoreBaba Ramdev’s Patanjali under probe for suspicious transactions, faces govt scrutiny
