Dinakaran owns movable, immovable assets valued at Rs 68 lakh

AIADMK (Amma) candidate for the RK Nagar bypoll, T T V Dinakaran has movable and immovable assets valued at around Rs 68 lakh.
In his affidavit submitted with the Election Commission along with his nomination papers today, Dinakaran, Deputy General Secretary of the party, also mentioned about a FERA case against him, and the Enforcement Directorate slapping a fine of Rs 28 crore in connection with the matter as "government dues" under the 'Liabilities that are under dispute.'
The 53 year-old former MP said he had "discontinued a civil engineering course and mentioned his occupation as agriculturist and that of his spouse as business."

Dinakaran, nephew of jailed AIADMK (Amma) General Secretary V K Sasikala, mentioned that he had Rs 11,45,781.94 in movable assets while that of his spouse was Rs 7,18,66,055.23.
A 'dependent' had Rs 49.54 lakh as movable assets.
Dinakaran, who chose to contest under the party name AIADMK (Amma) with the 'Hat' symbol following EC's freezing of the 'Two Leaves' symbol of AIADMK owing to a dispute involving rival O Panneerselvam-led faction, mentioned that the market value of his immovable assets was Rs 57,44,008. The value of his spouse' immovable assets was Rs 2,40,71,687.

On "liabilities in dispute", he said the Special Director, ED, New Delhi had imposed a penalty of Rs 31 crores in 1998 "alleging contravention" of FERA (Foreign Exchange Regulation Act).

Following an appeal by him, the Foreign Exchange Regulation Appellate Board modified the amount to Rs 28 crore in 2000, an order which the Madras High Court also upheld early this year, he said.
Even though the court order was delivered on January 6, 2017, the copy was made available to the appellate on January 23, 2017, he said.
"The appellant (Dinakaran) is proposing to file an appeal before the Supreme Court of India and the time to file appeal expires only on April 22, 2017. In the meantime, the Appellant has also filed a review petition before the High Court of Madras seeking to review the order dated January 6, 2017," he said.

He said that no cases, where charges have been framed by a court for offences punishable with a prison term of two years or more, were pending against him. Neither had he been convicted and sentenced to imprisonment of one or more year in any cases.
The RK Nagar bypoll is slated for April 12.