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ED files case against Ramdev

By The Assam Tribune

NEW DELHI/HARIDWAR, Sept 1 � The Enforcement Directorate (ED) has registered a foreign exchange violation case against Yoga guru Ramdev and his Haridwar-based trusts and has put 50-odd companies under its scanner in this regard, reports PTI.

The Directorate registered the case on the basis of a report from the RBI for �export outstanding� of few crores by the trusts run by Ramdev and inputs by some banks which were instrumental in channelising transactions of these firms.

Also under the scanner of the agency is the Little Cumbrae Island, off the fishing town of Largs in Scotland, which serves as Ramdev�s base overseas and also as a wellness centre.

Reacting to the development, Ramdev said he has not done anything wrong or illegal.

�I have not done anything wrong or illegal. During my two-decade-long public life, I have replied to all questions raised about me with ample proof,� Ramdev told reporters in Haridwar.

ED sources said the agency was ascertaining the status of transactions that were done by these trusts while exporting consigments of Ayurvedic medicines to foreign countries.

�The receipt of payments in regard of sale of these consigments are to be explained and it has to be ascertained if these were in contravention of the forex rules laid down by RBI,� sources said.

The ED is expected to issue summons for want of further information from these trusts, run by Ramdev, soon.

�Regarding media report of ED registering case, we state that our trusts don�t have any information about the case so far. We have been law abiding organisations,� S K Tijarawala, Ramdev�s spokesperson said in a statement.

The valuation of the Scottish island, which is reported to be worth Rs two million dollars, is also being probed by the agency which enforces the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA) in the country.

The agency has received some inputs from abroad on the financial transactions done by these trusts, sources said.

The ED had earlier allegedly found foreign remittances and inflow of certain funds during its discreet probe in the case and initiated action under FEMA.

In connection with its probe into Ramdev�s finances, the ED had approached authorities in the UK seeking financial details about the Scotland island that was �gifted� to the Yoga guru by a couple who are among his followers.

The ED�s probe is aimed at checking the flow of money and transactions through various trusts floated by Ramdev including the Patanjali Yogpeeth Trust, Divya Yoga Mandir Trust and Bharat Swabhiman Trust.

The agency had also approached officials in the island nation of Madagascar in this case.

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ED files case against Ramdev

NEW DELHI/HARIDWAR, Sept 1 � The Enforcement Directorate (ED) has registered a foreign exchange violation case against Yoga guru Ramdev and his Haridwar-based trusts and has put 50-odd companies under its scanner in this regard, reports PTI.

The Directorate registered the case on the basis of a report from the RBI for �export outstanding� of few crores by the trusts run by Ramdev and inputs by some banks which were instrumental in channelising transactions of these firms.

Also under the scanner of the agency is the Little Cumbrae Island, off the fishing town of Largs in Scotland, which serves as Ramdev�s base overseas and also as a wellness centre.

Reacting to the development, Ramdev said he has not done anything wrong or illegal.

�I have not done anything wrong or illegal. During my two-decade-long public life, I have replied to all questions raised about me with ample proof,� Ramdev told reporters in Haridwar.

ED sources said the agency was ascertaining the status of transactions that were done by these trusts while exporting consigments of Ayurvedic medicines to foreign countries.

�The receipt of payments in regard of sale of these consigments are to be explained and it has to be ascertained if these were in contravention of the forex rules laid down by RBI,� sources said.

The ED is expected to issue summons for want of further information from these trusts, run by Ramdev, soon.

�Regarding media report of ED registering case, we state that our trusts don�t have any information about the case so far. We have been law abiding organisations,� S K Tijarawala, Ramdev�s spokesperson said in a statement.

The valuation of the Scottish island, which is reported to be worth Rs two million dollars, is also being probed by the agency which enforces the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA) in the country.

The agency has received some inputs from abroad on the financial transactions done by these trusts, sources said.

The ED had earlier allegedly found foreign remittances and inflow of certain funds during its discreet probe in the case and initiated action under FEMA.

In connection with its probe into Ramdev�s finances, the ED had approached authorities in the UK seeking financial details about the Scotland island that was �gifted� to the Yoga guru by a couple who are among his followers.

The ED�s probe is aimed at checking the flow of money and transactions through various trusts floated by Ramdev including the Patanjali Yogpeeth Trust, Divya Yoga Mandir Trust and Bharat Swabhiman Trust.

The agency had also approached officials in the island nation of Madagascar in this case.