30.1 C
New Delhi
Saturday, February 27, 2021

India clears Karmapa of foreign exchange violations charge

17th Karmapa Ogyen Trinley Dorje. (Photo courtesy: Karmapa Foundation)
17th Karmapa Ogyen Trinley Dorje. (Photo courtesy: Karmapa Foundation)

(TibetanReview.net, Nov26, 2014) – India’s Enforcement Directorate (ED) has on Nov 24 cleared prominent Tibetan spiritual leader, the 17th Karmapa Ogyen Trinley Dorje, of foreign exchange violations charge but charged his director of finance, Mr Thupten Sherab, with violations under the country’s Foreign Exchange Management Act (FEMA), reported indianexpress.com Nov 24.

“The forex seized was donations received from followers. The Karmapa has been cleared of charges, as investigations reveal that he had no control over donations received by the trust,” the report quoted an ED source as saying, citing an order by the ED’s Adjudicating Authority.

On Jan 28, 2011, police had searched the Karmapa’s Gyuto Monastery centre located on the outskirts of Dharamshala and recovered currencies from 26 countries worth a total of Rs 59.7 million (Approx. US$ 995,000).

“At the time of seizure, they did not have permission from the RBI (Reserve Bank of India) for holding the forex. They have since applied for requisite permissions for receiving foreign donations… and have been granted approval,” the report quoted the ED source as saying.

The ED has ordered the confiscation of the seized forex worth Rs 59.7 million.

Related Articles

Global Covid-19 death toll crosses 2.5 million, reported Tibetan cases touch 1,540

(TibetanReview.net, Feb26’21) – Reported worldwide death toll from Covid-19 has now topped the 2.5 million mark, with half of them having occurred...

India reports sharpest daily rise in Covid-19 cases since Jan 29

(TibetanReview.net, Feb25’21) – Amid fears that it may be headed for second wave of Covid-19 infections, India has reported rather sharp increases...

India’s seven-day rolling average of daily Covid-19 cases rose for the ninth consecutive day

(TibetanReview.net, Feb24’21) – The seven-day daily average of Covid-19 infections in India has risen by more than 1,800 cases, going from 11,430...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

6,190FansLike
705FollowersFollow
7,109FollowersFollow
- Advertisement -

Latest Articles

After US State Department and Canadian House of Commons, Dutch Parliament declares China’s atrocities in Xinjiang genocide

(TibetanReview.net, Feb26’21) – After the US State Department and Canada’s House of Commons, the Netherlands has become the first European country whose...

Global Covid-19 death toll crosses 2.5 million, reported Tibetan cases touch 1,540

(TibetanReview.net, Feb26’21) – Reported worldwide death toll from Covid-19 has now topped the 2.5 million mark, with half of them having occurred...

China calls UN rights forum criticism of its abysmal record interference in its internal affairs

(TibetanReview.net, Feb25’21) – Several countries have on Feb 24 criticized the deteriorating human rights situation in the People’s Republic of China, including...

India reports sharpest daily rise in Covid-19 cases since Jan 29

(TibetanReview.net, Feb25’21) – Amid fears that it may be headed for second wave of Covid-19 infections, India has reported rather sharp increases...

China says Sichuan-Tibet Railway is a border defence project

(TibetanReview.net, Feb24’21) – China has for the first time made it clear that its geologically highly challenging Sichuan-Tibet Railway, which will run...