Karnataka HC questions ED over 16-year-old FEMA case against Malavika Hegde

Bengaluru, Oct 6 (UNI) The Karnataka High Court on Tuesday came down hard on the Enforcement Directorate over its belated FEMA proceedings against Cafe Coffee Day CEO Malavika Hegde, questioning how the agency could initiate action over foreign exchange transactions dating back 16 years. Hearing Malavika's petition challenging the ED proceedings, Justice KS Hemalekha questioned the rationale behind the delay and whether proceedings could be sustained when initiated against the legal heir of a deceased person after such a prolonged period. "You cannot do something after so many years," the Court observed orally, making it clear that any delay in…