The show-cause notices state that between June 2000 and May 2004, huge transfers of foreign exchange were made from undisclosed sources to off-shore companies loacted in British tax havens and then via Swift transfers to companies owned by the family in New Delhi.

The ED’s notice lists the following as remitter companies: Westaway Trust Co Limited ($50,000), CI Law Trust Group ($ 335,000), Baccaro Holdings Incorporated ($ 630,537), Hezeldene Limited ($ 275,000), Tiffany International Limited ($80,000), Beryholme LImited ($ 150,000), Clariville Investments ($ 200,000), New Haven Nominees ($348, 375).

The complaint attached to the show-cause notice lists the statements and clarifications made by Vipin Khanna and Arvind Khanna, both of whom were unable to explain the original source of the remittances. While Arvind Khanna said the foreign exchane remittances were given to him as “gifts’’ by his father, Vipin Khanna said he routinely gave such gifts to his sons and was not aware of their “business interests.’’