India Yoga Guru’s Firm Faces Scrutiny Over Financial Deals (1)

India’s government has asked Patanjali Ayurved Ltd., a traditional medicine company co-founded by celebrity yoga guru Baba Ramdev, to explain some transactions deemed suspicious, according to people familiar with the matter.

The Corporate Affairs Ministry sent a notice to the company after the federal economic intelligence wing found transactions it labeled as abnormal and dubious, the people said, asking not to be identified citing rules.

They didn’t, however, disclose the amounts involved in the transactions, citing the early stage of the probe. The company will have about two months to respond to the notice, the people said.

Patanjali Ayurved co-founder Baba Ramdev.

Photographer: Punit Paranjpe/AFP/Getty Images