A Metropolitan Magistrate Court for Economic Offences cases has directed the personal appearance of AIADMK (Amma) deputy general secretary T.T.V. Dhinakaran on April 19 and 20, in connection with two cases registered against him by the Enforcement Directorate (ED) under the Foreign Exchange Regulation Act (FERA).
The first charge against Mr. Dhinakaran is that he acquired $1,04,93,313 in foreign exchange without permission from the Reserve Bank of India.
The second relates to foreign exchange acquired by him to the tune of $36,36,000 and £1,00,000 and making payment towards the credit of a person, who was resident outside India without the general or special exemption of the Reserve Bank of India.
In both the cases, the ED had imposed ₹28 crore as penalty on Mr. Dhinakaran. Since he failed to pay the penalty, the ED had initiated the cases.
When the cases came up for hearing on Thursday before the Additional Chief Metropolitan Magistrate (EO-II) S. Malarmathy, the judge directed the counsel to commence the arguments.
But the counsel for Dhinakaran sought an adjournment submitting that a related case is pending in the High Court.
To this, the judge, pointing out that these cases were pending for over two decades witnessing mostly adjournments, requested the counsel to commence the arguments.
