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20-year-old fera case: Court frames charges against Sudhakaran

The judge read out the charges framed against the brothers and asked them whether they have anything to say regarding the charges.

Chennai: More than 20-years after registering Foreign Exchange Regulation Act (Fera) case against VN Sudhakaran by Enforcement Directorate, the Additional Chief Metropolitan Magistrate Court (Economic Offence-II), Egmore at Allikulam framed charges against him on Tuesday. Sudhakaran, now lodged in prison at Bengaluru, was brought to the court amidst tight security.

When the matter came up for hearing at 10.30 am, Sudhakaran, lodged in the prison along with his aunt and AIADMK (Amma) general secretary V K Sasikala and J. Ilavarasi in disproportionate asset case, was produced before the judge S Malarmathy.

The Karnataka police brought him to the court campus in a van at 11.40 am amidst tight security and a few minutes later he was produced before the judge. His brother and co-accused TTV Bhaskaran, who was present in the court, spoke to him in the court hall.

The judge read out the charges framed against the brothers and asked them whether they have anything to say regarding the charges.

They denied the charges and later the judge posted the matter to July 13. The case relating to the illegal exchange of foreign currencies, for now, defunct Super Duper TV during 1995-96. The Hefty amount was transferred in violation of RBI norms. Hence, ED registered a case against them.The judge had summoned Sudharakan to the court on June 20 for framing charges against him.

The case relating to the illegal exchange of foreign currencies for the Super Duper TV during 1995-96. The court has directed Bhaskaran, another accused, to appear before the court on June 20 without fail.

( Source : Deccan Chronicle. )
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