The Central Bureau of Investigation has arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by the bank to the group in 2012, officials said on Friday. The CBI had booked Chanda Kochhar, her husband and Venugopal Dhoot of Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act, they said.
Nath's resignation was accepted by party president Sonia Gandhi keeping in view the party's 'one person-one post' policy.
The former Congress president was asked to vacate the premises by April 22 following his disqualification after the conviction and two-year sentence by a Surat court for his 'Modi surname' remark.
Senior Congress leaders, including Priyanka Gandhi Vadra, are accompanying Rahul Gandhi to the court.
The Supreme Court on Monday stayed the disqualification of Janata Dal-Secular MLA D C Gowrishankar Swamy from the Tumkur Rural constituency in Karnataka and allowed him to contest the upcoming assembly polls in the southern state.
Opposition parties on Sunday lashed out at the Bharatiya Janata Party after Nationalist Congress Party leader Ajit Pawar and eight others were inducted into the Eknath Shinde-led Maharashtra government, saying the ruling party's 'washing machine' has resumed its operation to clean tainted leaders and it was an 'ED-facilitated power grab'.
Thackeray said people should be aware of how religious issues are raked up to distract their attention from core issues.
The Bharatiya Janata Party rejected this was any sort of demonetisation and instead reminded the Congress that even during the rule of Manmohan Singh, old currency notes were taken off circulation.
'I am not interested in anything but the truth. I only speak the truth, it is my work and I will keep doing it even if I get disqualified or get arrested'
The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd (FCPL). The regulator had said that Amazon suppressed information while seeking clearances for the transaction back then and also slapped a fine of Rs 202 crore on the company.
Sidhu told Gandhi that he is working hard and will work harder now, and that he will join his duty as Punjab Congress president, Rawat said.
After Punjab, the party high command has shifted its focus to Rajasthan, where demands for Cabinet expansion and political appointments gained momentum after reports of resentment in the camp led by former deputy chief minister Sachin Pilot, who along with 18 MLAs had rebelled against the leadership of Gehlot last year.
With his appointment as AG, the many constitutional law matters that are pending before the Supreme Court will receive specialised attention.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
'Considering the fact that the Attorney General for India has already declined to grant his consent in the present matter for the reasons detailed in the said letter...the present request made to me is misconceived,' Mehta said in his letter addressed to lawyer Anuj Saxena.
The Centre on Thursday told the Supreme Court that if the Army cannot move its missile launchers, heavy machinery up to the northern Indo-China border, then how will it defend it and fight a war, if it breaks out.
In an editorial in party mouthpiece Saamana, the party said that while on the one hand the Bharatiya Janata Party has already started preparing for the 2024 Lok Sabha elections, the Congress is in dire straits.
Terming pendency of cases a 'huge challenge', Chief Justice of India N V Ramana on Friday expressed regret for not being able to pay much attention to issues of listing and posting of matters for hearing in the Supreme Court.
'In their part, the Chinese Foreign ministry maintained that there was no connection between the company concerned and the Chinese government,' he also said.
The top Congress leadership has not accepted Navjot Singh Sidhu's resignation and adopting a wait and watch policy.
Sources said Sidhu's resignation has not been received by the party and its leadership will take a call once it reaches them.
The TMC, which is keen to leave a mark in its outing in Goa, had suggested a broad alliance but not much has moved on the proposal due to competing interests and apparent lack of faith between the opposition parties.
He also announced unemployment allowance for the youth, as the party's fourth poll guarantee, on coming to power.
The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons. A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra, upheld the findings of the Competition Commission of India (CCI) and directed it to pay the penalty of Rs 200 crore imposed on Amazon by the fair trade regulator within 45 days from Monday. "This appellate tribunal is in complete agreement" with the CCI, the two-member bench said.
Congress observers Mallikarjun Kharge and Ajay Maken on Monday briefed party president Sonia Gandhi about the developments in Rajasthan and are expected to submit a written report about the crisis in the party's state unit latest by Tuesday.
Congress president Mallikarjun Kharge on Sunday accused the Bharatiya Janata Party-led central government of being 'undemocratic', and said people will have to strongly fight against its 'dictatorship' to save democracy.
With this kind of coinage, the Opposition seems to be readily conceding the point that Modi is taller than all of them put together. So they need something bigger than themselves, collectively or not, to capture the voter imagination when it is about taking on Modi and the BJP in 2024, points out N Sathiya Moorthy.
The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay high court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, arrested by the CBI on December 26, 2022, and presently in judicial custody, has moved the high court seeking to quash the First Information Report, and has also sought interim bail.
The Bombay high court on Monday granted bail to former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in a loan fraud case, saying their arrest was not in accordance with the provisions of law. A division bench of Justices Revati Mohite Dere and P K Chavan held that the arrest of Kochhars was in violation of Section 41A of the Code of Criminal Procedure (CrPC), which mandates sending notice for appearance before the police officer concerned. The couple was arrested by the Central Bureau of Investigation (CBI) on December 23, 2022 in connection with the Videocon-ICICI Bank loan case.
"That is a fact of life because we are not being able, after 75 years, to bring the SCs and STs to the same level of merit as the forward classes," Attorney General K K Venugopal told a bench headed by Justice L Nageswara Rao.
Congress leader Rahul Gandhi was questioned for over eight hours by the Enforcement Directorate for the second consecutive day in the National Herald money-laundering probe and was again summoned on Wednesday, even as the opposition party continued its protests and sparred with the BJP, accusing it of conspiring to defame the Gandhi family through the ''false'' case.
"Don't know any finer judge than Justice Indu Malhotra," Chief Justice S A Bobde said on Friday as the first woman lawyer to be appointed directly as a judge of the Supreme Court sat on the bench along with him for the last time before her retirement.
The SC said where is the question of going on protest once a party has already approached the court challenging the validity of the laws.
The consent has been granted in response to a letter by an activist, Shachi Nelli, seeking to initiate contempt against Yati Narsinghanand for his statements in an interview that went viral on Twitter on the January 14.
As trends indicated a comfortable win for the grand old party in Himachal Pradesh, Shukla said the party was happy that it is getting an opportunity to form the government in the state and asserted that the party will do everything to fulfill the 10 guarantees made to the people of the state and would provide better governance to people.
As part of the efforts to bring several opposition parties together on a common platform to defeat the BJP in 2024 Lok Sabha polls, Pawar met Kharge on Thursday evening.
She alleged the new military recruitment scheme would be destructive for the youth and the Army.
Congress leaders and workers were also detained on Wednesday after they staged protests outside the ED office and the party headquarters in New Delhi.
Opposition parties, including the Congress, Trinamool Congress, Bharat Rashtra Party and Samajwadi Party, came together in a show of unity on Thursday and accused the Modi government of getting the second half of the budget session washed out, while asserting that if this attitude continues, the country will move towards a "dictatorship".
A special court in Mumbai on Saturday remanded ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) till December 26 in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The Kochhars were arrested by the probe agency on Friday night after a brief questioning session. The CBI has alleged that they were evasive in their response and did not cooperate in the investigation.
