Home » national news » FERA case against Dinakaran adjourned till August 28
 
SPEED NEWS

FERA case against Dinakaran adjourned till August 28

News Agencies | Updated on: 16 August 2017, 12:33 IST
FERA case against Dinakaran adjourned till August 28

The Foreign Exchange Regulation Act (FERA) case against All India Anna Dravida Munnetra Kazagham (Amma) faction leader T.T.V. Dinakaran in Chennai's Allikulam Court has been adjourned until August 28.

Dinakaran is facing two cases filed by the Enforcement Directorate ( ED) against him for alleged violations of the FERA.

The court had framed charges against him for illegally routing U.S. dollars in foreign exchange without taking permission from the Reserve Bank of India (RBI) and depositing it in the current account of Dipper Investments Ltd., a company incorporated in the British Virgin Islands, with Barclays Bank, Sutton, United Kingdom.

The second case pertains to the transfer of 44.37 lakh pounds through West Bank Ltd, Ireland, allegedly breaching FERA provisions.

-ANI

First published: 16 August 2017, 12:33 IST
 
PREVIOUS STORY
NEXT STORY