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Adjudication v. Prosecution: FERA Penalty Sustained Despite Acquittal in Customs Prosecution
The SAFEMA Tribunal reaffirmed that adjudication under FERA is distinct from prosecution, upholding monetary penalties against the appellant despite his acquittal in a related Customs case. The ruling underscores that retracted confessions, if unsubstantiated, and procedural delays do not override corroborative evidence in civil penalty proceedings under foreign exchange law.
Aug 31, 20244 min read
Tribunal Confirms Asset Confiscation Under FERA, Differentiating Adjudication from Prosecution Proceedings
The Tribunal upheld asset confiscation under FERA, affirming that prosecution and adjudication proceedings are independent processes.
Aug 20, 20243 min read
Appellate Tribunal SAFEMA Affirmed Penalties under FERA Despite Acquittal in the Prosecution Case: Held No Right to Cross-Examination in Quasi-Judicial Proceedings
SAFEMA upholds FERA penalties, denying witness cross-examination despite prior acquittal.
Jun 8, 20243 min read
FERA Provisions Upheld for Pre-FEMA Offences: Conviction Maintained, Sentence Adjusted for Elderly Offender
FERA rules apply retroactively in a key ruling, with sentence adjustments for age considerations.
Jun 1, 20243 min read
Bank of Foreign Economic Affairs v. Enforcement Directorate: Tribunal Addresses Compliance and Justice in FERA Violations
Tribunal revises hefty FERA fine, affirming both law and fairness in complex global finance.
May 18, 20243 min read