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FERA case against AIADMK leader TTV Dinakaran adjourned till August 28

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

Published: 16th August 2017 12:37 PM  |   Last Updated: 16th August 2017 12:37 PM   |  A+A-

AIADMK leader TTV Dinakaran (Ashwin Prasath | EPS)

By ANI

CHENNAI: 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 till 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.

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