AIADMK deputy general secretary T.T.V. Dhinakaran booked by FERA for a case registered in 2001. He had illegally received money to the tune of $36,36,000 and £1,00,000. The transactions were done without seeking the permission of the RBI.
The additional Chief Metropolitan Magistrate Court, Egmore framed charges against the AIADMK deputy general secretary T.T.V. Dhinakaran in a case that was registered against him in the year 2001 by the Enforcement Directorate. He was booked for violation of provisions of Foreign Exchange Regulation Act (FERA). Appearing before the court with his team of lawyers, Dinakaram denied all the charges read to him by the Additional Chief Metropolitan Magistrate S. Malarmathy.
He was booked in a case relating to illegal transaction od $1.04 crore in foreign exchange without taking the permission of the RBI. The money was deposited in the current account of Dipper Investments Ltd., a company incorporated in the British Virgin Islands, with Barclays Bank, Sutton, United Kingdom.
The court is yet to frame charges against him for two other transactions- illegal receipt of foreign exchange to the tune of $36,36,000 and £1,00,000 and payment for the credit of a person residing outside India for starting a hotel in the UK. this was allegedly done without the general or specific exemption of the RBI. He is also alleged to have credit links with a wine factory.
The rest of the cases were adjourned to June 22 for further trial.
