Ranchi brothers face continued prosecution for receiving foreign currency in 1991-92
The Enforcement Directorate prosecuted two Ranchi residents for receiving foreign currency in 1991-92. The Jharkhand High Court recorded cognizance taken on 31.05.2002 in the ED complaint. By order dated 25 October 2024 the High Court dismissed their quashing petition, so prosecution continues.
This page records what the cited court, tribunal and government records say happened. Findings belong to the court or authority that made them; this register adds none of its own. Names of private individuals are withheld unless a naming gate clears them.
How we verify →Quashing petition dismissed on 25 October 2024; the ED complaint case and cognizance order stand and prosecution is pending.
What happened
The High Court recorded that the petitioners reside at Ashok Nagar, Argora in Ranchi district, establishing the Jharkhand locus.
The High Court recorded that on the basis of the allegations a complaint Case C-III-85/2002 was registered and that vide order dated 31.05.2002 cognizance was taken by the court concerned for currency-control offences.
The High Court recorded that the allegation was receipt of foreign exchange amounting in total US$ 3,15,000 and 1000 pounds during 1991-92, rendered liable to prosecution under Section 56 of the said Act.
The High Court held that the instant petition stands dismissed, leaving the ED prosecution pending; a separate older CBI case about fake allotments and diversion of public funds was noted only as background that led to discovery of the remittances.
What the record says
“amounting in total US$ 3,15,000/- and pounds 1000 during the year 1991-92”
Cr. M. P. No. 1903 of 2024, High Court of Jharkhand at Ranchi, judgment dated 25-10-2024 — read the full text
A peaceful economic act
Keeping or receiving foreign currency outside the authorised-dealer system harmed no complaining victim; the present case charges only currency-control violations.
What we could not confirm
Exact dates of the 1991-92 transfers and trial progress after 25 October 2024 could not be confirmed from the pages opened. The older Doranda PS/RC fraud background was not charged in the present ED complaint.