Tamil Nadu

ED challenges discharge of Sasikala from FERA case

The Madras High Court on Thursday ordered issuing of notice to AIADMK chief Jayalalithaa’s aide N. Sasikala and the latter’s relative T.T.V. Dinakaran on a plea by the Enforcement Directorate (ED), challenging a local court order in May this year discharging them from foreign exchange regulations (FERA) violation cases.

Hearing three pleas filed by the ED – one against Ms. Sasikala and two against Mr. Dinakaran, Justice B. Rajendran ordered issuing of notice to them returnable by three weeks.

He further ordered that these cases be heard along with pleas by Ms. Sasikala against another order, which declined to discharge her from three other FERA cases.

The Economic Offences Court – I had on May 18 discharged Ms. Sasikala from a FERA case and Mr. Dinakaran from two similar cases, even as it declined to discharge her from three other FERA cases.

According to the ED, a company had availed itself of a loan of Rs. 3 crore from a nationalised bank in Chennai, based on the security of a deposit by an NRI and Ms. Sasikala had allegedly drawn Rs. 2.20 crore out of it and bought part of her holdings in Kodanad Tea Estate in 1995.

The ED in its plea contended that the trial court judge failed to note that the statement received from one of the witnesses in the case revealed the direct involvement of the accused in persuading her to give a loan to a private company.

The trial court judge also failed to note that the depositions of the witnesses and documents marked in the case established the contraventions of sections of the FERA, 1973 committed by the accused, the ED contended in its plea and further sought to set aside the order passed by the trial court on May 18 this year.

In other two pleas against Mr. Dinakaran, the ED challenged the trial court’s order discharging him from two FERA cases. While one of the cases pertained to the transfer of funds to Dipper Investment through Barclay Bank, Virgin Islands, another was over the transfer of funds through Westbank Limited, Ireland.

It may be recalled that Ms. Sasikala had challenged the trial court’s another order, declining to discharge her from three FERA cases and the High Court had earlier this month granted an interim stay on the order.

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Printable version | Dec 6, 2020 7:52:34 AM | https://www.thehindu.com/news/national/tamil-nadu/ed-challenges-discharge-of-sasikala-from-fera-case/article7613802.ece

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