The June 2023 summons issued by the directorate of enforcement (ED) Vedanta Ltd’s chief financial officer (CFO) confirms that the company has been under formal investigation over large overseas payments made to its London-based parent, Vedanta Resources Ltd (VRL), according to a new report by investigative research group Viceroy Research. The report alleges that Vedanta’s attempts to justify these payments with limited documentation and questionable claims about a foreign office are unlikely to satisfy regulators this time.

Viceroy says it obtained a copy of the ED summons, dated 28 June 2023, which compelled Vedanta’s CFO to appear before the agency and produce detailed records of royalty payments, intercompany loans, and guarantee fees made to VRL between 2017 and 2023. The summons was

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