[Chandigarh,Punjab]ED Issues Fresh Summons to Capt Amarinder’s Ailing Son in FEMA Case
Former Punjab chief minister Amarinder Singh’s son Raninder has been issued a fresh summons to appear before the Enforcement Directorate (ED) in Punjab in connection with its probe against him for alleged forex contraventions and holding of untaxed foreign assets.
Official sources said Raninder has been asked to appear before the investigating officer (IO) in the case on July 14 at the ED zonal office in Jalandhar.
He has also been asked to bring personal financial documents with him, they said.
This is the second summons to Raninder after he had sought exemption from personal appearance last month, citing health reasons.
Raninder has been summoned to explain the alleged movement of funds to Switzerland and creation of a trust and a few subsidiaries in the tax haven of British Virgin Islands.
The alleged violations had earlier been investigated by the Income Tax department and a case in this regard was being heard in a court in Punjab. The next hearing in the case is slated for July 26.
Raninder had earlier said he did not have anything to hide and was willing to cooperate with the probe.
The case came to light when the Income Tax department received information about Raninder allegedly holding the offshore account in the alpine nation as part of details received by the Central Board of Direct Taxes from its French counterparts in 2011.
The sources said ED investigators have gathered necessary documents from a competent court in Punjab and RBI, and they suspect “contravention of the Foreign Exchange Management Act (FEMA)” by the accused.
Both Raninder and his father Amarinder, a Congress MP, have denied any wrongdoing and termed as “false” the charges
Tag: Raninder Singh
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Congress Punjab Capt Amarinder’s Son Gets Court Notice
Punjab Congress leader Amarinder Singh’s son has been summoned by a court in Ludhiana on a complaint by the Income Tax Department regarding his foreign assets.
“Raninder Singh be summoned on July 26 under Section 277 of the Income Tax Act and Sections 177 and 181 of the IPC,” Ludhiana’s Chief Judicial Magistrate (CJM) Ranjiv Vashishta ordered yesterday.
The IT department had alleged that Raninder made false statements twice under oath, denying being a beneficiary of foreign assets or having association with any such foreign entity,
As per sources ,The department had credible information that the accused was a beneficiary of foreign assets, maintained and controlled through business entities,
Meanwhile, Amarinder Singh Called it a classic case of political vendetta borne out of bruised egos and haunting memory of a humiliating defeat”.
Reacting to the complaint, the Punjab Congress chief said that he had full faith in the judiciary and expressed confidence that his son will come out clean.
The PCC president said,it was not for the first time that the issue had been raked up.
He said “They have been doing it for the last two years since my Amritsar election and every time they tried it, they failed miserably and they will fail once again,”
The issue was also raised by Narendra Modi and Subramanian Swamy during an election speech in Barmer and Subramanian Swamy in run up to the 2014 General Elections.
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