2002 (10) TMI 821

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.... The enforcement Directorate initiated proceedings against Shri Rajiv Gambhir, Shri S.K. Mittal and Shri Umesh Mendiratta for violation of section 9(1)(d) and 9(1)(b) of FERA, 1973. After conclusion of the proceedings all the three persons mentioned above were held guilty and penalties were imposed upon them. In this appeal we are concerned in the case of Shri S.K. Mittal who has been directed to ....

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....employee of the appellant and accounts of Gupta were in the control of Mittal. Statement of Umesh Mendiratta revealed that he was an employee of the appellant which has been vehemently disputed by the appellant. The further case of the respondents was that Umesh Mendiratta was mandatee of several NRE accounts of several non-residents. He used to deposit foreign currency in NRE account on which was....

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....sh Mendiratta. The only evidence used against the appellant is that Umesh Mendiratta had identified the writings of the appellant on various vouchers pertaining to the NRE accounts of Shri N.N. Gupta. The Assessing Officer has also used letter dated 15-9-1992 addressed to the Citi Bank to issue Pay Orders in the names of four persons by debiting the NRI account of Gupta and to hand over bank certi....