Monday, June 6th, 2016

ED summons Amrinder Singh’s son in FEMA violation case

Narada Desk | June 6, 2016 10:10 am Print
An offshore firm alleged to be linked to him has bought a house in London’s Knightsbridge for £1.8 million

Enforcement Directorate, ED has summoned Raninder Singh, son of former Punjab Chief Minister Capt Amrinder Singh, in connection with its probe against him for alleged forex contraventions and holding of untaxed foreign assets.

Official sources said, Raninder has been summoned by the agency at its Chandigarh office to explain the alleged movement of funds to Switzerland and creation of a trust and few subsidiaries in the tax haven of British Virgin Islands.

They said, the alleged violations have earlier been investigated by the Income Tax department and a case in this regard is currently in court in Punjab. The next hearing in this case is slated for July 26. The case came to fore when Income Tax department received details of Raninder allegedly holding the offshore account in the alpine nation as part of details received in this regard by the Central Board of Direct Taxes from their French counterparts in 2011. Both Raninder and his father Amrinder Singh, a Lok Sabha Member, have denied any wrongdoing and have termed as false these charges made against them.

Responding to the ED summon, Singh accuses Finance Minister Arun Jaitley of “witch hunting” saying that Jaitley still is “licking his wounds over his electoral defeat in Amritsar and that is the reason he was using I-T and ED to issue summons” to his family members. He also further added, “Why are you resorting to witch hunting?”

“Not that it matters to us as we will come clean no matter to what extent they go. But it actually reveals the petty mindset of a petty man…,” Amarinder said. “They are deliberately doing it at regular intervals to defame us ahead of elections,” he added.