New Delhi, Sep 24 (PTI) The Enforcement Directorate (ED) on Wednesday alleged that the B C Jindal group of companies and its promoters transferred about Rs 505 crore outside India through “sham transactions." A total of 13 premises of the Delhi-based business conglomerate, a major player in the power sector, promoter Shyam Sunder Jindal, its directors, and other office bearers were searched by the central agency during September 18-19 under the provisions of the Foreign Exchange Management Act (FEMA). The company or its promoters could not be contacted immediately for a comment. The searches were conducted for suspected FEMA violation by the B C Jindal group entities, especially Jindal India Thermal Power Ltd (JITPL), Jindal India Powertech Ltd, ad Jindal Poly films Ltd, for overseas inv

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