The Enforcement Directorate (ED) has issued notice to telecom firm Aircel for alleged contravention of foreign exchange rules in connection with the 2G spectrum allocation case, official sources said. The Directorate has asked the firm to explain a number of policy decisions taken by the firm which are suspected to have violated the 74 per cent Foreign Direct Investment (FDI) cap rules laid down by the Foreign Investment Promotion Board (FIPB).
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