The Additional Chief Metropolitan Magistrate Court in Egmore on Thursday framed charges against All India Anna Dravida Munnetra Kazagham (Amma) faction leader TTV Dinakaran in connection with a Foreign Exchange Regulation Act (FERA) case registered against him.
The Enforcement Directorate (ED) had registered a case against the AIADMK deputy general secretary in 2001 for violating the provisions of FERA.
Dhinakaran appeared in person before the court along with his lawyers. The AIADMK leader denied all the charges read out by Additional Chief Metropolitan Magistrate S Malarmathy in the court. Dhinakaran is facing two cases filed by the ED for alleged violations of the FERA.
The case related to illegal transaction of $1,04,93,313 in foreign exchange without permission from the Reserve Bank of India (RBI). The amount was deposited in the current account of Dipper Investments Ltd., a company incorporated in the British Virgin Islands, with Barclays Bank, Sutton, United Kingdom.
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Charges are yet to be framed in another case that relates to illegal receipt of foreign exchange worth $36,36,000 and £1,00,000 and payment for the credit of a person residing outside India without the general or specific exemption of the RBI for starting a hotel in the UK and later for a wine factory. The case has been adjourned to June 22.