Arun Bajoria Grilled In Ashok Jain Case
Jute baron Arun Bajoria was summoned and interrogated by the Enforcement Directorate (ED) here yesterday in connection with the Foreign Exchange Regulations Act (Fera) violation case of Ashok Jain, chairman of Bennett, Coleman & Company.
Bajoria has been indicted in the case for allegedly transferring $1.25 million (approximately Rs 4 crore) to an account in a Swiss bank between 1992 and 1993, which has reportedly been confirmed by Keshav Bangur and P K Khaitan.
Sources said that Bangur has turned an approver in the case, though officially no such formalities have been done.
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Bajoria had sought legal protection against summons issued by the ED by asking for interim relief on health grounds in March, which were eventually rejected. According to the court orders, the petition was rejected on the ground that such a relief may frustrate the ongoing investigations.
Jain, on the other hand, had sought anticipatory bail to block impending arrest by ED officials.
In March, the Enforcement Directorate raided Bajorias house and seized papers and incriminating documents relating to share purchases of Bank of Rajasthan.The Ashok Jain case has, of late, snowballed into a major controversy, with the intelligence bureau conducting raids on the ED premises in New Delhi.