CBI FILES A CHARGESHEET AGAINST MUMBAI BASED PRIVATE COMPANY AND THREE OTHERS IN A CASE RELATED TO ALLEGED VIOLATION OF VARIOUS SECTIONS OF FCR ACT

Press Release
New Delhi, 03.01.2017

         

      The Central Bureau of Investigation has filed chargesheet against Mumbai based private company & its two then Directors and then Programme Officer of another private company U/s 120-B of IPC r/w 35, Sec. 37 r/w Sec. 3, 11 & 19 of Foreign Contribution (Regulation) Act. 2010 corresponding to Sec. 23, 25 r/w Sec. 4, 6 & 13 of Foreign Contribution (Regulation) Act., 1976 in the Designated Court at Mumbai.

      CBI had registered a case on 08.07.2015. It was alleged that the Mumbai based Private Limited Company was engaged in publishing books, reports, pamphlets, journals, bulletin covering various aspects of Indian and the world’s socio-economics & political issues and creating social awareness. The two then Directors were columnist and writing articles in newspapers. It was also alleged that being the columnist, they were not eligible to accept foreign contributions in accordance with Foreign Contribution Regulation Act. But they allegedly received foreign contribution amounting to USD 2,90,000(approx) from USA based Foundation in the name of their company and thereby, violated the Sections of FCR Act. It was further alleged that the said private company was engaged in publication and thereby the said company & its representatives were not authorized to receive foreign contribution without prior permission of MHA. On receipt of foreign contribution from USA based Foundation without prior permission, they allegedly violated the Sections of FCR Act. The said company did not maintain exclusive bank account for receipt of foreign contribution.

      After thorough investigation, CBI filed a chargesheet. Necessary sanction was obtained from Ministry of Home Affairs(Govt of India).

      The ACMM Court, Mumbai has taken cognizance of the offences & issued process and directed the accused persons for appearance before the Court on 03.02.2017.

      The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.


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