The sponsoring authority, namely, FERA authorities on the basis of material companylected requested the detaining authority to pass the detaining order under COFEPOSA Act on the basis of material on record.
The petitioner was arrested on March 18,1998 and when he was produced before the Magistrate along with remand application he was ordered to be released on bail on May 20, 1988.
The order of detention came to be executed on April 5, 1999 pursuant to which the petitioner came to be detained.
The enforcement authorities attached to the Enforcement Directorate Chennai and Madurai on March 17, 1998 searched the business and residential premises of the petitioner and seized some incriminating documents from those premises under the provisions of the Foreign Exchange Regulation Act, 1973 for short FERA .
The petitioners statement was also recorded on 17.3.98 wherein he alleged to have admitted companymission of offence under the COFEPOSA Act.
The detaining authority on perusal thereof passed the impugned order.
