ED notice to Geelani in 2002 case after $10,000 found in his home by I-T dept
Tehreek-e-Hurriyat leader Syed Ali Shah Geelani was asked to appear in response to a summons issued under FEMA but he did not.india Updated: Jun 29, 2017 21:27 IST
The Enforcement Directorate issued a show cause notice on Thursday to Tehreek-e-Hurriyat leader Syed Ali Shah Geelani over alleged illegal acquisition and possession of $10,000 in cash.
In a statement, the ED said the case relates to “recovery and seizure of $10,000 by Income Tax from the residence of Syed Ali Shah Geelani in Srinagar”.
It said that Geelani was asked to appear in response to the summons issued under FEMA but he did not.
The case is 15 years old. The Income Tax department in 2002 conducted raids at Geelani’s residence and claimed to have recovered the said amount. The case was handed over to the ED in 2003.
“His counsel submitted a written reply and denied the recovery of foreign currency from his residence and the seizure,” the ED statement said.
Following further summons, Geelani’s chartered accountant submitted the appeal documents confirming the recovery and seizure of foreign currency, it said.
“However, he failed to furnish the legitimate source for its acquisition and possession, thus making himself liable for action under FEMA,” read the statement.
ED officials said that according to the Foreign Exchange Management Act, foreign exchange dealings are regulated in India and the acquisition and possession of foreign exchange by resident Indians are required to be conducted in accordance with the general or special permission.
“Syed Ali Shah Geelani did not have any such permission or bonafide explanation for acquisition and possession. Therefore, he has been asked to show cause to the adjudicating officer under FEMA within 30 days why the recovered currency should not be confiscated and penalty imposed on him,” the officials said.
Reacting to the development, Jammu and Kashmir High Court Bar Association president Mian Qayoom, who is also the counsel for Geelani, said he will comment once after he sees the notice.
“I have not seen the notice and will comment when the same is examined. However, I would like to add that the establishment is known for harassing the senior leadership of Hurriyat. The notice too is part of harassment tactics,” Qayoom said.