The additional Chief Metropolitan Magistrate Court, Egmore, on the Allikulam campus on Thursday framed charges against AIADMK deputy general secretary T.T.V. Dhinakaran in a case which was registered in 2001 by the Enforcement Directorate (ED) for violation of provisions of Foreign Exchange Regulation Act (FERA).
Along with his lawyers, Mr. Dhinakaran appeared in person before the court. When Additional Chief Metropolitan Magistrate S. Malarmathy read out charges against him, Mr. Dhinakaran denied all of them.
He has been facing two cases filed by the ED in this court.
The court had framed charges against him in the case relating to illegal transaction of $1,04,93,313 in foreign exchange without permission from the Reserve Bank of India (RBI) and deposited it 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 in another case relating to 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 without the general or specific exemption of the RBI for starting a hotel in the U.K. and later for a wine factory.
Both cases were adjourned to June 22 for further trial in the cases.
