ED may close FEMA case against Ramdev
28 May 2015 12:10 AM GMT
The Enforcement Directorate (ED) may close a case of alleged foreign exchange violation it had initiated a few years ago against yoga exponent Ramdev and his Haridwar-based trusts due to insufficient evidence.
Sources said the agency has not been able to make a significant progress in the case as it could not obtain proof with regard to financial links about the purchase of an island in Scotland that was ‘gifted’ to Ramdev by a couple, his followers.
The Little Cumbrae Island, off the fishing town of Largs in Scotland, serves as Ramdev’s base overseas and also as a wellness centre. Some similar assets in Madagascar, Africa, were also under probe and the agency had sent official communication for assistance in the case to their counterparts abroad.
ED had also sought the help of authorities in the UK and other locations to get inputs on funding-related aspects of the island, after it had filed a case under Foreign Exchange Management Act (FEMA) on the basis of a report from RBI and inputs from abroad on alleged “suspicious” financial transactions done by trusts run by Ramdev.
Clash outside Ramdev’s food park, 1 DEAD
Haridwar: One person was shot dead and four others were hurt when a clash broke out between security guards at Ramdev’s Patanjali Food and Herbal Park in <g data-gr-id="29">Padartha</g> and members of a truck union on Wednesday, police said. Two persons, including Ramdev’s brother <g data-gr-id="30">Rambharat</g>, have been detained for interrogation.
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