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ED files foreign exchange violation case against Ramdev

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Press Trust Of India New Delhi

The Enforcement Directorate 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.

The Directorate registered the case on the basis of a report from the Reserve Bank of India and inputs by some other banks. Also under scanner is 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 consignments of Ayurvedic medicines to foreign countries. "The receipt of payments in regard of sale of these consignments 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.

 

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First Published: Sep 02 2011 | 12:39 AM IST

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