ED books Ramdev, his aide for Fema violation

Sep 02, 2011 - PRAMOD KUMAR |

Age Correspondent

New Delhi

The Enforcement Directorate (ED), probing overseas investments and transactions carried out by organisations allegedly associated with Baba Ramdev, has booked the yoga guru and his Hardwar-based trust in a case of alleged violations of foreign exchange rules.

According to sources, the ED has registered the case under the provisions of the Foreign Exchange Management Act (FEMA) on the basis of a report from the Reserve Bank of India (RBI). The case has been registered against Ramdev and two trusts associated with yoga guru, including Patanjali Yogpeeth, sources said.
The ED will send them notices in this regard on Friday.
The agency will soon call Ramdev and his associate, Balakrishna, for questioning in this connection, sources added. Sources said, “The agency is probing whether overseas transactions carried out these trusts were in conformity with guidelines laid down by the RBI and other regulatory bodies. The receipt of payments in regard of sale of these consignments are to be explained and it has to be ascertained if these were in contravention of the forex rules laid down by RBI”.

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