The Enforcement Directorate is set to send notices under Foreign Exchange Management Act (FEMA) to jailed former CWG Organising Committee chairman Suresh Kalmadi and other OC officials in connection with the Queens Baton Relay (QBR) of October 2009. The agency was probing the QBR case under sections of FEMA and Prevention of Money Laundering Act (PMLA). However,due to delay in the CBIs chargesheet,the agency has decided to first initiate proceedings under FEMA and then PMLA. The OC officials,including the chairman,did not follow the guidelines and,without intimating the RBI,transferred several crores into the foreign bank accounts of the private firm. Action will also be taken against the private banks in India which remitted the money, said a top ED official. Agency sources said those who will be served notices include Kalmadi,T S Darbari,Sanjay Mohindroo and M Jeychandran. The banks involved in transfer of money from India will also be issued notices. According to ED officials,the money was transferred through the Royal Bank of Scotland.
