FERA Violation Charges
During Nehru's regime, the trade with other countries and the foreign currencies were strictly regulated. Jain was caught, and subsequently arrested,at Palam airport(in latter day Mumbai) for bringing in foreign currency. The event was blacked out by the Times of India,even though other newspapers carried the story. .
In a repeat of sorts, Jain's son Ashok was indicted and arrested in 1998,a year before his death, in connection with an alleged violation of the FERA (Foreign Exchange Regulation Act). Again, the Times was accused of distorting facts pertaining to the case,even giving Ashok's indictment by the Enforcement Directorate the tint of a larger conspiracy against the Jain community in general. Adding to the controversy were sacked editor H.K. Dua's claims that his dismissal was retaliation for his refusal to comply with Ashok Jain's request to help him out by using his editorial position to build up public support besides lobbying with politicians.
Read more about this topic: Sahu Shanti Prasad Jain
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