Probe is linked to I-T Department’s findings that certain assets were not disclosed in 2005-07
Raninder Singh, son of Punjab Chief Minister Amarinder Singh, on Thursday appeared before the Enforcement Directorate (ED) to record his statement under the Foreign Exchange Management Act (FEMA), said a senior agency official.
“His statement is being recorded in Jalandhar,” the official said.
The ED probe is linked to the Income-Tax Department’s alleged findings that certain assets acquired abroad were not disclosed in 2005-07. The department had later carried out a reassessment of disclosures and detected the assets located overseas.
Earlier, a Ludhiana court had stayed a previous directive that allowed the ED to inspect some new findings of the I-T Department related to Mr. Raninder Singh.
In June 2016 also, the ED had summoned him under the FEMA.