Relief for TTV Dhinakaran: Madras HC stays FERA case against him

The AIADMK leader got this temporary relief at a time when he is looking to enter 'active' politics' again.
 Relief for TTV Dhinakaran: Madras HC stays FERA case against him
Relief for TTV Dhinakaran: Madras HC stays FERA case against him
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Two days after he announced that he would be back in ‘active politics’ by August, AIADMK (AMMA) deputy general secretary TTV Dhinakaran has received some relief from the court.

The Madras High Court on Friday stayed all further proceedings in a FERA case against the AIADMK leader till July 17.

Dhinakaran had been facing two cases filed by Enforcement Directorate in 1996. It is in a case relating to an illegal transaction in foreign exchange without permission from the Reserve Bank of India (RBI) that Dhinakaran has been able to obtain a stay.

The additional Chief Metropolitan Magistrate Court, Egmore had framed charges against Dhinakaran in April, 2017.

He faces charges of depositing $ 1,04,93,313 in the current account of a company called M/s Dipper Investments Limited that was incorporated in the British Virgin Islands. Dhinakaran, who was the sole director of the company, had done these transactions through a total of 21 cheques, according to a report in TOI. The money was transferred through a person not recognised by the RBI in 1996.

This was the period when Jayalalithaa was Chief Minister and she too was accused of amassing wealth then. Sasikala, Jayalalithaa and two others were convicted in the disproportionate assets case that had also been filed against during the same period.

Dhinakaran, however, approached the court saying that he was not given a chance to present his side before the framing of charges.

According to TOI, Justice M S Ramesh, staying the case till July 17, said, "On the face of the records, reasonable opportunities have not been extended to the petitioner during the course of hearing. Notice to respondents returnable by July 17."

Dhinakaran faces one more FERA case where the ED has accused him of illegal transaction of $37,36,000 that was later paid to an NRI for starting a wine factory, without any clearance from RBI.

The temporary relief for Dhinakaran also comes at a time when Chief Minister Edapadi Palanisamy and his cabinet have denounced ties with Dhinakaran.

After visiting his aunt Sasikala in jail on Wednesday, Dhinakaran had told media that all the problems in the party would be solved by August.

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