2017 (7) TMI 1455 - SCH - FEMA

Prosecution under FERA - Acquirng foreign exchange without previous general or special permission from RBI from persons not being authorised dealers in foreign exchange and deposited the amounts in a bank account outside India - As decided by HC 2017 (2) TMI 518 - MADRAS HIGH COURT contention of the respondent that he is not the citizen of India and he will not come under the purview of FERA is not at all acceptable - Also there are so many incriminating materials available to presume that the respondent would have committed the offences and he is liable to be charged under Sections 8(1) and 9(1)(a) of FERA, 1973 HELD THAT - No ground to interfere with the impugned order. The special leave petitions are, accordingly, dismissed.

Summary

The Supreme Court of India, with Justices Adarsh Kumar Goel and Uday Umesh Lalit, dismissed the special leave petitions as no grounds were found to interfere with the impugned order. Pending applications, if any, were also disposed of. (Citation: 2017 (7) TMI 1455 - SC Order)