#ED has seized Rs.3.94 Crore in the case of #PigeonEducationTechnology India Private Limited under Section 37A of FEMA, 1999. Investigation revealed that the said entity was owned and controlled by the Chinese nationals and an amount of Rs 82.72 Crore has been siphoned to China and Hong Kong from the company under the pretext of advertising expenses. Total seizure in the case stands at Rs.12.25 Crore.