2008 (12) TMI 458

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....Consultant, for the Appellant. Shri M.K.A.K. Mohiddin, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. -  The brief of facts of the case are that the appellants herein are full fledged money changers (hereinafter referred to as FFMCs). One R.S. Raghavan was the Manager of their Foreign Exchange Division and one V. Mahesh was his Assistant. On 29-12-2000, On....

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....request of Chockalingam, Mahesh went to Chockalingam's office with the TCs, Mahesh forged the signature of 7 passport holders on the Tcs and handed over them to Chockalingam who, in turn, gave him a cheque for a value of US$ 30,000. The show-cause notice dt. 25-6-2001 was issued to the passenger, Chockalingam, Raghavan and Mahesh and the appellants, inter alia, proposing confiscation of the travel....