A local court here on Monday summoned chief minister Captain Amarinder Singh for his appearance in person on July 20 in connection with a case filed against him by the income tax department.
The prosecution complaint — the department’s equivalent of a police chargesheet — was filed last year under Sections 277 (false statement in verification) of the I-T Act and Sections 176 (omission to give notice or information to public servant), 177 (furnishing false information), 193 (false evidence) and 199 (false statement made in declaration which is by law receivable as evidence) of the Indian Penal Code.
The I-T department claims its investigations have found Amarinder “to be the beneficiary” of a trust and other properties owned and created by his son in a foreign territory and that, when questioned about these, Amarinder gave a “false statement on oath” about the ownership of these assets. It has accused the CM of being “actively involved” in the creation of these “undisclosed” trusts and assets.
The probe further said Captain’s son Raninder is a direct beneficiary of assets maintained and controlled through foreign business entities. These include accounts with HSBC Private Bank, Geneva (Switzerland). Raninder is also a trustee of the UK-based Jacaranda Trust, states the complaint.
The complaint states that Raninder was the settler (donor) of the Jacaranda Trust, UK, and the owner of business entities Mulwala Holdings Limited, Limerlock International Limited, Chillingham Holdings Limited and Allworth Venture Holdings Limited. The authorities in British Virgin Islands (BVI) informed the department that the business entities were holding substantial financial assets, including bank accounts in HSBC, Geneva, and properties in the UK and Dubai.
The BVI authorities provided the IT department with a copy of the trust deed which showed that the settlement was made on July 22, 2005, in British Virgin Islands between Raninder and HSBC Trust Company (BVI) Limited. Raninder acted as a trustee.