Menu Close

News update 14th June 2018

  1. India seeks red corner notices against Nirav brother, employee

On February 15, the agency issued a diffusion notice — a mechanism through which location of an absconder is shared among member countries of the Interpol — against Modi, Choksi and Nishal, following which the United Kingdom shared details of “movements” of Modi and the other fugitives, while maintaining that his specific location was still unknown.

RCN ISSUED AGAINST NISHAL AND SUBHASH PARAB

Two days after seeking Red Corner Notices (RCN) against absconding diamantaires Nirav Modi and his uncle Mehul Choksi, who are accused in the Rs 13,500-crore fraud at the Punjab National Bank (PNB), the CBI on Wednesday requested the Interpol to issue a similar notice against Modi’s brother Nishal and one of his employees Subhash Parab in connection with its probe into the case.

WHAT IS A RCN?

When an RCN is issued by the Interpol, its member countries are urged to detain or arrest an accused, who is wanted in the requesting country.

The CBI has already filed chargesheets against Modi, Choksi, Nishal and Parab before a special CBI court in Mumbai.

ISSUING OF DIFFUSION NOTICE

On February 15, the agency issued a diffusion notice — a mechanism through which location of an absconder is shared among member countries of the Interpol — against Modi, Choksi and Nishal, following which the United Kingdom shared details of “movements” of Modi and the other fugitives, while maintaining that his specific location was still unknown.

“After the diffusion notice was issued through the Interpol channel on February 15, the CBI proactively pursued it with the national central bureaus of individual (member) countries, which are likely to have been visited by the accused for confirmation of their addresses and location,” a senior official said.

AGENCY’S REPLY

The official said details received from UK have been shared with investigating units and other sister agencies of the CBI. The agency, on Monday, said it does not have confirmation on the whereabouts of Nirav Modi as yet.

Nirav, his wife Ami (a US citizen), brother Nishal (a Belgian national) and uncle Choksi, promoter of the Gitanjali Group, fled the country before the PNB complained against their companies.

  1. Aircel-Maxis case: Company under probe paid for Karti Chidambaram watches, paintings, ED to Delhi court

The ED claimed that the ASCPL received Rs 26 lakh as consultancy fee, days after the Foreign Investment Promotion Board (FIPB) granted approval for Foreign Direct Investment (FDI) in the Aircel-Maxis deal in 2006 when Karti’s father P Chidambaram was Union Finance Minister.

The Enforcement Directorate informed a Delhi court Wednesday that several items, including expensive paintings and luxury watches, recovered from the Chennai house of Karti Chidambaram had been paid for by Advantage Strategic Consulting Private Ltd (ASCPL), a company with which he had denied any link, and was under probe for alleged irregularities in the Aircel-Maxis deal.

FILING OF COMPLAINT BY ED

The ED, which filed a prosecution complaint under provisions of the Prevention of Money Laundering Act in the court of Additional Sessions Judge Ruby Alka Gupta, claimed that the ASCPL received Rs 26 lakh as consultancy fee, days after the Foreign Investment Promotion Board (FIPB) granted approval for Foreign Direct Investment (FDI) in the Aircel-Maxis deal in 2006 when Karti’s father P Chidambaram was Union Finance Minister.

Other than Karti, the ED complaint also named ASCPL, its directors Padma Bhaskararaman and Ravi Viswanathan, Chess Management Services Pvt Ltd and its director Annamalai Palaniappa. The court posted the matter to July 4.

CONTENTIONS OF P CHIDAMBARAM

P Chidambaram said “The complaint filed by ED against Karti Chidambaram and others is seriously flawed. Since the matter is in Court, I shall not make a public comment. The complaint will be vigorously contested before the Special Court.”

In its complaint, the ED cited what it called dealings between Vasan Health Care Pvt Ltd (VHCPL) and blue chip venture capital firm Sequoia Capital. The agency claimed that Sequoia Capital picked up stake in VHCPL at a premium of Rs 7,500 per share (against the then price of around Rs 200 per share) through purchase of VHCPL shares from ASCPL. It alleged that Karti played a significant role in this deal.

ATTACHMENT OF WILLS AS A SUBSTANTIVE EVIDENCE

The ED also attached four “wills” which it claimed had been prepared for eventual transfer of ownership of ASCPL to Karti’s family. These wills, it claimed, had been recovered from the computer of Karti’s chartered accountant S Bhaskararaman. According to the ED, the wills had four current directors of ASCPL bequeathing their shares in the company to Karti’s daughter after their death.

In its complaint, the ED claimed that Chess Management Services Pvt Limited, another company which it alleged was promoted by Karti, received a sum of USD 202,446 between 2007 and 2011 against invoices raised during 2007-2009 from Maxis and its associate Malaysian companies for software services.

CONSTITUENTS OF COMPLAINT

“The software sold for Rs 90 lakh was designed to be used for compliance with Indian laws and was not of any use for a Malaysian company,” the ED complaint stated.

“It is to be submitted that pertaining to the involvement of foreign persons and others are still being carried out along with other aspects of investigation. As and when complete, supplementary chargesheet will be filed,” the ED said. Special Public Prosecutors Nitesh Rana and N K Matta appeared for the ED.

  1. Godhra municipality: HC notice to government over Eid poll date

The petition accused the district administration of “fixing” the poll date in a manner “to tilt the result of the election in the favour of the ruling BJP” and questioned the decision to notify the poll date just four days before the election date

CHANGE OF ELECTION DATE FOR THE POST OF PRESIDENT

The Gujarat High Court on Wednesday issued notice to the state government on a petition seeking rescheduling of date of election for the post of president of Godhra Municipality since it could clash with Eid, and nearly half of the Muslim councillors may not be able to come for voting.

In the 44-member Godhra municipality, 21 are from the Muslim community. Among them, 20 are Independents and only one from the Congress.

OBSERVATION OF THE COURT

The Division bench of Justice S R Brahmbhatt and Justice A G Uraizee will hear the matter on Thursday morning.

One of the Muslim councillors, Mahmood Hanif Kalandar, filed the petition, alleging that the decision of Panchamal district collector to hold election on June 15 (Friday) is “malafide to deprive certain Muslim councillors of their right to vote in the election since the election has been notified on the last day of Ramzan month or possible on the day of the Eid, depending upon the sighting of the moon”.

The petition accused the district administration of “fixing” the poll date in a manner “to tilt the result of the election in the favour of the ruling BJP” and questioned the decision to notify the poll date just four days before the election date, stating, that “the impugned decision is arbitrary also since it gives only three days notice as against the practice of giving seven days notice usually”.

  1. Bihar Srijan scam: CBI files FIRs against staff of banks, NGO

Srijan Mahila Vikas Sahyog Samiti Limited, a Bhagalpur NGO allegedly siphoned off an estimated Rs 1,200 crore of public funds over 13 years since 2004. After nine FIRs and 12 arrests, the Bihar government had ordered a CBI probe last August.

The CBI has filed four fresh FIRs naming 24 government officials, including a former additional district magistrate, in the Rs 1,700 crore Bhagalpur Srijan scam.

BRIEF FACTS

Srijan Mahila Vikas Sahyog Samiti Limited, a Bhagalpur NGO allegedly siphoned off an estimated Rs 1,200 crore of public funds over 13 years since 2004. After nine FIRs and 12 arrests, the Bihar government had ordered a CBI probe last August.

An investigation of police records, bank statements and interviews with key officials had revealed how the little-known NGO, providing vocational training to women and selling pickles, allegedly pilfered funds from Bhagalpur district administration’s various accounts for at least half-a-dozen welfare schemes, all with the alleged connivance of government officials, bank employees and Srijan’s own staff.

FIRs LODGED AGAINST STAFFERS

The CBI, which has lodged 10 FIRs, on Tuesday lodged four FIRs against staffers of Srijan Mahila Vikas Sahyog Samiti Limited, officials of Bank of Baroda and Indian Bank and others for alleged embezzlement of Rs 271 crore government funds. Among those named are the NGO president Shubhlaxmi Prasad and secretary Rajni Priya (daughter-in-law of the late Manorama Devi, founder of Srijan), then land acquisition officer of Banka Jayshree Thakur (who later became ADM).

The first of four new FIRs is lodged against Jayshree Thakur and managers of Bank of Baroda and Indian Bank. The second one is against Srijan’s president, secretary and eight other employees of the NGO. The third FIR is against former and current branch managers of Ghantaghar, Bhagalpur branch of Bank of Baroda and Patal Babu Road branch of Indian Bank and the fourth case is lodged against senior manager, cashier-cum-accountant of Bank of Baroda, manager, cashier and accountant of Srijan and a district welfare officer.

  1. With thaw in India-China relations, Delhi to push for NSG membership

Membership of the NSG, the top club of 48 countries which controls access to technology and guards against non-proliferation, is important for India to get access to cutting-edge high-technology.

India is depending on its partners, led by the US and France, to push for membership at the Nuclear Suppliers Group (NSG) plenary meeting on Thursday and Friday in Jurmala. Membership of the NSG, the top club of 48 countries which controls access to technology and guards against non-proliferation, is important for India to get access to cutting-edge high-technology.

Leave a Reply

Your email address will not be published. Required fields are marked *