1999 (4) TMI 664

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....re-deposit of Rs. 10,000 in 3 instalments by the end of July 1996 per order dated 9-4-1996 passed by the FERA Board at Camp Chennai. Pre-deposit of the balance amount of penalty was waived. This amount stands deposited, the present order disposes the appeal on merits. 3. The facts are that a show-cause notice dated 21-1-1992 was issued to the appellant requiring him to show why adjudication proceedings should not be taken against him on the grounds that he received on different dates various sums of money totalling to Rs. 2,55,000 from some local person, name unknown, on the order and instructions of one Sadiq, a resident outside India in Kuwait and the appellant made payments in small sums out of the aforesaid amount of Rs. 2,55,000 to ....

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....ther alleged that out of the aforesaid amount, Rs. 1 lakh was paid personally by the appellant to a person of Mannady, Madras, and another Rs. 50,000 to one A. Sulaiman of North Street, Keelakarai, Trichi while remaining Rs. 50,000 paid through his servant Basheer Ahmed to afore- said A. Sulaiman and other Rs. 5,000 paid to Ms. Haseena Beevi. The Mahazer dated 25-4-1991 recorded for the search of the shop mentions that 5 paper slips were recovered from the shirt pocket worn at that time by the appellant but nothing else was recovered inside the shop or during the search of the residential premises of the appellant. The coded contents of these paper slips are explained in the statement dated 25-4-1991 of the appellant recorded by the respond....