Former Punjab chief minister Captain Amarinder Singh on Monday dubbed the Enforcement Directorate summon issued against his son Raninder Singh for alleged violation of the Foreign Exchange Management Act (FEMA) as ‘fraud notice’ and said Union Finance Minister Arun Jaitley can’t get over his defeat in the 2014 general election.
“This is total fraud notice. This issue of income tax and all has been done by Jaitley, he can’t get over his defeat,” Singh told. “Secondly, they are building up for the coming elections,” he added.
In the 2014 general election, Jaitley had lost from the Amritsar Lok Sabha seat to Amarinder Singh by nearly 90,000 votes .
The Punjab Congress chief also said this move is aimed to create political ramifications ahead of the assembly elections in the state.
“For the last two years, nothing happened and suddenly he (Jaitley) woke up and told the officers that he wanted something against me,” he added.
The Congress MP further said the truth will come to the fore once this matter is taken up in the court. “And, when it goes to court not one issue will stand up to judicial investigation,” he added. The Enforcement Directorate yesterday summoned Raninder Singh for alleged violation of the FEMA.
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 the 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.
