ED unconditionally withdraws summons against Thomas Isaac. ED unconditionally withdrew the summons against Thomas Isaac after the court said that if there is any evidence against Thomas Isaac, file a case and investigate.
Thomas Isaac informed through a social media post that the summons was withdrawn unconditionally and the ED ran away with the peg. How to post-
ED unconditionally withdrew the summons against me. Don’t we say that it’s an exercise like that? They have got some new information in their hands. It was said that it can be submitted to the court in a sealed envelope. The court did not listen. The court said that if there is evidence, take a case and investigate.
I don’t mind that either. My writ does not mean that there should be no inquiry against me. The only argument was that a roving and fishing expedition was not possible without any basis of evidence.
That too has been accepted by the court.
If there is any evidence of violation of foreign exchange law or money laundering, file a case based on that. The Reserve Bank is the administrator of the Foreign Exchange Act (FEMA). We wanted the RBI to be summoned to court. Although it took six months, RBI came.
Then what did you say?
The masala bond was issued with the approval of the Reserve Bank. Kifbi has given a monthly report on what the money was used for. They saw nothing wrong with it. Reserve Bank shall not be responsible for any other errors not directly related to this. In any case, the FEMA violation claim fell apart.
And what about the FEMA case?
Why was this work of Edi? As the political masters of Delhi have said. Isn’t it an arrangement of tens of thousands of crores? One miss will not prevent something. Such a thought is natural according to the tradition of masters of Delhi.
They have to destroy Kifbi, which is laying the foundation for a big jump in Kerala development even though there is no more corruption. Who came to Kifbi to investigate?
C&AG came in and ruled that KIFB’s loan was off-budget borrowing.
The same C&AG wrote a report in the same year that the off-budget borrowing of the central government would be double (about 4.50 lakhs) what the central government had agreed to. But the Centre’s loan should not be included in their debt. Kerala should be included. The dispute is now before the Supreme Court.
C&AG was followed by Income Tax. The case is that Kifbi did not pay tax. SPVs called project tenders, not KIFB, have paid the tax. Kifbi has paid them by showing this tax separately.
I will give you the password of the computer. Check any document at your convenience. They did not listen. A 15-member team conducted a day-long inspection of the media and detained the employees.
Next it was Eddie’s turn. The officials were called first. Not once. Almost every month. Media celebration every time. He once behaved rudely to a female officer. Just ask again. Not to know something. An attempt was made to ruin a good financial institution by dragging out the investigation.
Then I was called. The case was filed when my personal information was requested without alleging any crime. Hon. The High Court stayed the summons and asked the ED a simple question. What evidence is this investigation based on?
Edie could not answer this question for a year and a half. The story of the case ended when the Reserve Bank’s statement was heard. But it dragged on for several more months with face-saving exercises.
Finally the story is here. ED can still investigate. Definitely though. But I can be summoned only with some proof. Otherwise I will approach the court again.
