New Delhi, Sep 26 (UNI) The Jain Hawala scam, involving top politicians and bureaucrats has been long over but the alleged 'Hawala' transaction amount of 2,26,000 dollars case is still pending in the court.
The Jain brothers, who have been discharged in all the Hawala cases, have sought quashing of the FERA cases against them, maintaining that they have not violated any of the provisions of the Foreign Exchange Regulation Act.
The final arguments in the cases are slated to come up in the Delhi High Court on September 27.
All 42 politicians, including Mr L K Advani and Mr V C Shukla, have also been discharged in the Jain Hawala case in the light of the Delhi High Court ruling that dairy entries were not admissible in court unless there is corroboratory evidence.
Making their submissions through their counsel, the Jains and their employee, J K Jain argued in the court of Justice Ravinder Bhatt at the last hearing that the cases filed against them had no substance and should be quashed at the outset.
J K Jain has been charged for abetting the Jains for acquiring foreign exchange, and not surrendering it to the authorities and for selling the same illegally without obtaining permission from the RBI in violations of the provisions of Sections 8(1), 8(2) and 14 of FERA, 1973.
Mohammed Ameer Deen Habib and SSO Arif have been charged for purchasing foreign exchange and for failing to surrender the same.
The investigations carried out by CBI initially had revealed that J K Jain has been receiving money from various sources including Arif who was staying in Mumbai. The money was being received on behalf of the Jain brothers.
CBI revealed that the money was being received from one Ms Gem Traders in which Mohd Ameer Deen Habib alias Ameer bhai and SSO Arif were partners.
Ameer and Arif had left the country and were later arrested by the agency from Dubai. CBI had identified the diaries seized from the office of J K Jain which revealed the names of many politicians and bureaucrats in coded forms. The entries in the diaries from 1-26 relate to the FERA Charges and the directorate of enforcement have filed the cases of foreign exchange violations against the four jains, Ameer and SSO Arif.
The entries in the diaries show the name of the countries from where the transactions have been carried out, currency, and rate of conversion in coded form and the total of 2,26,50,000 dollar is involved in the transactions.
Jains have appealed to the Delhi High Court to quash the cases against them as they have committed no violation of foreign exchange.
Earlier the Jains had approached the lower Court for quashing the pending FERA cases against them, but the court had dismissed their petition. So the Jains have appealed in the High Court for quashing of the case against them.