(a) the number of persons acquitted and convicted under Foreign Exchange Regulation Act (FERA) during each of the last three years, State-wise;
(b) whether many persons have been acquitted in FERA cases due to recklessness and non-prompt action on the part of the Government;
(c) if so, the details thereof; and
(d) the corrective measures being taken by the Government for proper handing of FERA cases?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
a) State-wise break of acquittal and conviction in
prosecution cases decided under Sections 56 and 57
of Foreign Exchange Regulation Act, (FERA) 1973 is at Annexure `A’
b) No, sir.
c) In view of (b) above, does not arise.
d) Instructions are issued from time to time by
the Government for proper handling of FERA cases. These cases are
also closely monitored on a regular basis.