Directorate of revenue intelligence (DRI) has put a light blue alert on Dinesh Dalmia, promoter of DSQ Software and has ordered to detain him immediately as and when noticed. Dinesh Dalmia's passport is also proposed to be suspended under Section 10 (3) (C) of the Passport Amendment Ordinance 2001.
According to the DRI, Dinesh Dalmia had unauthoriosedly issued and allotted shares in large quantities of DSQ Software Ltd to Mauritius-based Technology Trust Ltd, Sofdtee Corporation Ltd, UK-based New Vision Investment Lts and US-based Fortune Technologies Ltd.
"Accordingly, he and DSQ group of companies have interest/ assets unauthorised in those overseas companies. He is also concerned with the US-based Total Info Systems Incorporation and he is wanted for interrogation," the DRI order says.
Meanwhile last Thursday, the enforcement directorate (ED) had filed a complaint against DSQ software and its owner Dinesh Dalmia for allegedly acquiring foreign exchange of Rs 296 million under Section 56 for substantive offences and filed another complain on last Friday for non-compliance of summons.
A spokesperson at DSQ Software said, "The company has followed all rules and regulations. The matter is sub-judice and we cannot elaborate more on this".
The complaint was filed in a designated court of Mumbai, which took cognisance. The ED alleged that the software firm had contravened and violated Section 8(1) of the Stock Exchange Act by giving false information to the Bombay Stock Exchange.
According to the complaint, DSQ had notified BSE that it was selling 3 million shares of its company to a London-based firm -- New Vision Investment. The company later informed the bourse that it had received
