India, April 15 -- The Karnataka High Court (HC) has reportedly directed Google India and its three senior executives to deposit half of the fines imposed by the Enforcement Directorate (ED) for allegedly flouting forex rules.

As per Economic Times, the HC, in a judgement passed last month, directed the company and the executives to deposit the penalties in the form of bank guarantees.

It is pertinent to note that the ED had imposed a penalty of INR 5 Cr on Google India and additional cumulative fines worth INR 25 Lakh on its three executives for flouting certain provisions of the Foreign Exchange Management Act (FEMA), 1999.

As per the report, the HC bench, comprising Justice V Kameswar Rao and Justice S Rachaiah, set aside a previous...