Raninder Singh had also been called for allegedly violating FEMA in early 2016.
New Delhi:
The son of Punjab’s chief minister, Amarinder Singh, was subpoenaed by the Enforcement Directorate on Tuesday in an alleged case of illegal foreign funds.
Raninder Singh had also been called for allegedly violating the Foreign Exchange Management Act or FEMA in early 2016.
Raninder Singh was then asked to explain the alleged movement of funds to Switzerland and the creation of a trust and some subsidiaries in the tax haven of the British Virgin Islands.
The alleged violations had previously been investigated by the income tax department and a case was filed in a Punjab court.
Raninder Singh had previously said that he had nothing to hide and was willing to cooperate with the investigation.
The case arose when the Income Tax department received information about Raninder Singh who allegedly had the account abroad in the Alpine nation as part of the details received by the Central Board of Direct Taxes from his French counterparts in 2011.
Both Raninder Singh and his father Amarinder Singh have denied any wrongdoing and called the charges “false”.
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