The father-son duo submitted the replies after their appeal for quashing the notice was dismissed by the Delhi High Court.
NEW DELHI: After weeks of legal battles, former external affairs minister K Natwar Singh and his son Jagat on Wednesday submitted replies to a show cause notice issued to them by Enforcement Directorate, denying all charges made against them in connection with Iraq's oil-for-food scam.
The father-son duo submitted the replies after their appeal for quashing the notice was dismissed by the Delhi High Court, which also directed them to submit their responses within a month.
In their replies, both denied involvement of any kind in the charges of wrong-doing levelled by the Enforcement Directorate, which accused Natwar and his son of "jointly and severally" acquiring foreign exchange totalling 8.9 lakh dollars in contravention of the FEMA regulations along with three others.
Enforcement Directorate sources said a decision on beginning quasi-judicial proceedings would be taken after examining the replies submitted by Natwar and Jagat.
ED Special Director Akilesh Das was out of station and it was not known whether the adjudication process against Natwar and his son would begin immediately.
In its 18-page show cause notice issued to Natwar and others, the ED alleged that the father and son had "jointly and severally" acquired foreign exchange totalling 8,98,027.79 dollars in respect of two oil contracts with the Iraqi government's State Oil Marketing Organisation (SOMO) in 2001.
Of this, they allegedly transferred 7,48,550 dollars to an account in the Jordan National Bank in fulfillment of a pre-condition by SOMO for allocation of oil.
The ED alleged that Natwar and others transferred 1,46,247.23 dollars, the commission in respect of two oil contracts, to an account in Barclays bank at Jersey in Channel Islands belonging to Indrus Trading Company owned by Andaleeb Sehgal, a friend of Jagat.
The notice said Natwar, his son and others allegedly failed to take all "reasonable steps" to repatriate to India 8.98 lakh dollars within the stipulated period and in the prescribed manner, thus violating provisions of FEMA and the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations of 2000.
The ED also alleged that Jagat purchased a Mercedez Benz car in the name of one of his friends for his use.
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