Punjab CM's son Raninder Singh appears before ED in FEMA case- The New Indian Express

Punjab CM’s son Raninder Singh seems earlier than ED in FEMA case- The New Indian Specific


Specific Information Service

CHANDIGARH: Punjab Chief Minister Amarinder Singh’s son Raninder Singh appeared earlier than the Enforcement Directorate on Thursday in a case of alleged violation of foreign exchange guidelines. On the Jalandhar workplace, sources mentioned, Raninder was questioned by the ED officers in a 2016 case registered in opposition to him below the Overseas Alternate Administration Act (FEMA).

He was requested to clarify the alleged transaction of funds to Switzerland and creation of a belief within the tax haven of British Virgin Islands and alleged possession of undisclosed property overseas. Raninder was questioned for six hours and recorded his assertion, his counsel Jaiveer Shergill mentioned.

The alleged  possession of the properties overseas was first investigated by the I-T Division. Raninder was earlier summoned by the ED on November 6 however he skipped it for well being causes. Previous to this  too, he didn’t arrive for questioning  on October 27, claiming that he needed to attend a gathering with the Parliamentary Standing Committee in his capability as president of Nationwide Rifle Affiliation of India.

In August, the ED had filed three functions in a Ludhiana court docket for the inspection of recent paperwork filed by the I-T division in opposition to Amarinder and his son. The ED had initiated  motion in 2016 in opposition to Raninder  on the criticism of the I-T division, which mentioned that Raninder lied about trusts allegedly owned by him within the British Virgin Islands. 

The summoning of the Punjab chief minister’s son had led to the Congress declare that it was a fallout of the Punjab authorities bringing out its personal agri legal guidelines.

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