https://www.taxtmi.com/caselaws?id=308409 A criminal prosecution under the Foreign Exchange Regulation Act, 1973 was found unsustainable where departmental proceedings on substantially identical allegations had already been dropped as being based on presumptions, surmises and vague charges. The Court held that the material did not justify continuing the prosecution for alleged contraventions under the Act, and treated the proceeding as an abuse of process. The criminal case was therefore quashed and the petitioner discharged. en-us Mon, 28 Feb 2011 00:00:00 +0530 Fri, 23 Jun 2023 14:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308409 A criminal prosecution under the Foreign Exchange Regulation Act, 1973 was found unsustainable where departmental proceedings on substantially identical allegations had already been dropped as being based on presumptions, surmises and vague charges. The Court held that the material did not justify continuing the prosecution for alleged contraventions under the Act, and treated the proceeding as an abuse of process. The criminal case was therefore quashed and the petitioner discharged. Case-Laws FEMA Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308409