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ED summons Punjab CM's son in FEMA case

Source: PTI  -  Edited By: Hemant Waje
October 23, 2020 23:05 IST
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The Enforcement Directorate has summoned Punjab chief minister Amarinder Singh's son for questioning in an alleged foreign exchange violations case, official sources said on Friday.

Raninder Singh has been asked to depose at the central probe agency's office in Jalandhar on October 27, they said.

The summons pertain to a case registered by the ED under the Foreign Exchange Management Act with regard to alleged possession of undisclosed assets abroad.

 

He was questioned by the agency in this case in 2016 and was asked to explain the alleged movement of funds to Switzerland and creation of a trust and a few subsidiaries in the British Virgin Islands.

The alleged instances of possession of properties in abroad was first investigated by the Income Tax Department.

Raninder Singh had earlier denied any wrongdoing.

The agency will record Raninder Singh's statement again once he deposes, the official sources said.

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Source: PTI  -  Edited By: Hemant Waje© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
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