2016 (5) TMI 518

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....wala transactions which were carried out by a gang of some offenders and to facilitate such transactions aid of many persons including the detenue was taken. It is not necessary to set in detail the modus operandi which was adopted by those persons as the same is recorded in the detention order dated 25.11.2003. It would be sufficient to reproduce paragraphs 41-43 of the said detention order which capture the essence of the matter and the role of the detenue: "41. From the facts discussed above, it is clear that Shri K. P. Abdul Majeed of Calicut and his son Shri Asarulla Rakka Khan working in Dubai had organised a racket for transferring funds form Dubai to India through unauthorised channels. The said Shri K.P. Abdul Majeed engag....

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....exceeded Rs. 600 crores, which were in violations of the provisions of Foreign Exchange Regulations of the country from time to time. Details of the transactions hitherto noticed are given in Annexure -II. 42. From the above, it is seen that you were actively involved in the illegal transactions of receiving and disbursing money on behalf of a person residing outside the country, amounting to Rs. 40.52 crores during the period from and June 2000 to Jan. 2002, as discussed in paragraph 7 and 32 above. 43. In view of the foregoing, I have no hesitation in arriving at the conclusion that you had been engaging yourself in activities prejudicial to the augmentation and conservation of the foreign exchange resources of the count....