The Supreme Court on Monday, dismissed a petition filed by Andaleeb Sehgal, Director of Hamadan Exports, the company embroiled in the Iraqi oil-for-food scam, seeking stay on any further action based on the report of Justice RS Pathak Inquiry Authority.
Maintaining that a petition in this regard was pending before the Delhi High Court which had also passed some interim orders, a Bench comprising Chief Justice YK Sabharwal and Justice CK Thakkar said "in view of it we are not inclined to interfere in the matter".
The Pathak panel has found that Andaleeb, friend of Natwar Singh's son Jagat, had benefited from the deal.
The Enforcement Directorate had on Sunday, issued showcause notices to former External Affairs Minister K Natwar Singh, his son Jagat, Andaleeb and others for alleged irregularities in the scam.
Andaleeb had moved the apex court seeking stay of proceedings initiated by various departments of Revenue as recommended in the Action-Taken-Report (ATR) by the Finance Ministry.
He had sought stay of the proceedings before the Income Tax Department, Enforcement Directorate, CBDT and CBEC.
He had contended that during the pendency of his petition before the High Court, it would not be proper for the agencies to proceed against him as it would be against the principles of natural justice.
The Pathak report had found that Natwar and Jagat had used their offices to recommend to Iraqi authorities to supply oil coupons to Sehgal and his friend Aditya Khanna. It stated that the duo had drawn profits from the entire deal.