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Sasikala charged with FERA violation

Press Trust of India Chennai | Updated on January 12, 2018

Case relates to illegal routing of payments for the now-defunct JJ TV

An Economic Offences Court here on Wednesday framed charges against AIADMK General Secretary VK Sasikala in connection with a FERA (The Foreign Exchange Regulation Act) violation case.

Sasikala appeared before the Additional Chief Metropolitan Magistrate (Economic Offence-I) A Zakir Hussain through video-conferencing from the Parapanna Agraharam jail in Bengaluru, where she has been lodged ever since her conviction in February in the disproportionate assets case.

The case relates to alleged violations in transactions, including remittances for a transponder and uplinking charges for the erstwhile JJ TV channel.

It was alleged by the prosecution that the payments were illegally routed to the US-based Rimsat through firms having network in the Philippines and Singapore.

Prosecution was launched against Sasikala, her relative V Bhaskaran and the now defunct JJ TV by the Enforcement Directorate in 1995 and 1996 on charges of violating FERA.

Published on June 21, 2017

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