A Delhi court has accepted the Enforcement Directorate's closure report in a money laundering case against Suresh Kalmadi, the former head of the organising committee of the 2010 Commonwealth Games, and then secretary general Lalit Bhanot, bringing an end to the money laundering angle in the alleged scam. The court noted that the ED's investigation failed to find evidence of money laundering, and the CBI had already closed the corruption case based on which the ED launched its probe.
An accused is discharged at the stage of charge-framing when the judiciary is persuaded that the prosecution's claims do not contain adequate prima facie evidence to suggest criminal conduct.
A Delhi court has reprimanded Tihar Jail authorities for allegedly keeping Christian Michel James, an alleged middleman in the AgustaWestland case, with an inmate who has received 41 punishments for misconduct, raising concerns about Michel's safety. The court also ordered the jail to provide Michel with a table fan, stating that even animals in zoological parks are provided air conditioning. Michel had previously requested to finish his sentence and leave India due to security risks.
Christian Michel James, an alleged middleman in the AgustaWestland case, has claimed that attempts were made to poison him inside Tihar Jail. A Delhi court has sought a response from the prison authorities on his plea. The court has also directed that James be taken to AIIMS on April 7 for a check-up. James was extradited from Dubai in 2018 and has been in custody since then. He has been granted bail in the ED and CBI cases against him but has refused to accept bail citing security concerns. He has also alleged that he was subjected to an incident at AIIMS, the details of which he is willing to share with the court in private. The court has ordered James to furnish a personal bond and surety of Rs 10 lakh in both cases and surrender his passport. The CBI chargesheet claims an estimated loss of 398.21 million euros (about Rs 2,666 crore) to the exchequer due to the deal for the supply of VVIP choppers. The ED chargesheet filed against James alleged he received 30 million euros (about Rs 225 crore) from AgustaWestland.
Arms dealer Sanjay Bhandari has opposed the Enforcement Directorate's (ED) plea in a Delhi court seeking to declare him a "fugitive " in connection with a black money case. Bhandari claims his stay in the UK is legal as the London High Court denied his extradition to India. The court's decision was also cited by an English court in April to deny the Indian government's request to extradite another accused in a rice-buying scam. Bhandari's lawyer argued that the ED's application was "vague, misplaced and without jurisdiction " and that the value involved in the case was less than the required Rs 100 crore to declare someone a "fugitive. " The Delhi court has sought the ED's rebuttal to Bhandari's argument by May 3.
The Central Bureau of Investigation on Monday produced former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna before a Delhi court in connection with the NSE co-location case. The probe agency produced the accused before special Special Judge Sanjeev Aggarwal and sought 14-day custodial interrogation in the case. The CBI arrested the accused on Sunday after her anticipatory bail application was dismissed by the court on Saturday. The CBI had recently questioned Ramkrishna in the matter.
In a startling development in the multi-crore financial scam in Gurgaon, investigators have now trained their guns on more local Citibank executives, and have decided to ask them to appear for questioning.
"I believe it is important for an investor to not put all their eggs in one basket, and also diversify in terms of asset class," says Sanjeev Aggarwal.
'Eventually many ecommerce businesses will be profitable and will do well. Nobody can say whether you have paid a huge price for a company but the future is indeed embedded there.'
A Delhi court on Monday sent to 14-day judicial custody the former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna in connection with the co-location scam case.
The Delhi high court on Friday sought response from the Central Bureau of Investigation (CBI) on the bail plea by former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location case. Justice Sudhir Kumar Jain issued notice on the bail application and listed the case for further hearing on May 31. The trial court had dismissed the bail plea of the former NSE boss on May 12 and said that no ground for bail was made out at this stage.
Jeeva (48) was shot dead on the premises of a Lucknow court on Wednesday, police said. A policeman and a two-year-old girl were injured in the incident.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The sources said questioning revolved around accounts of IDS Tunisia and remittances received by it.
Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
The high court's order came on a plea by acquitted individual and Kusegaon Fruits and Vegetables Pvt Ltd director Asif Balwa that the CBI has not placed on record the mandatory authority under the provisions of the CrPC.
Sameer who wrote all the hits of Nadeem-Shravan's including Aashiqui, Sajan, Dil Hai Ki Manta Nahin, Raja Hindustani and Dhadkan reveals to Subhash K Jha how they began their historic collaboration.
Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.
Why had the CBI decided to have Waghmare tell the court the tale surrounding this odd trip to Kolkata made for even odder reasons, close to a year-and-a-half after Sheena's murder? To show the kind of person Indrani was? And that the murder of her daughter was not a heat of the moment crime, given Indrani was capable of other odd, suspicious, premeditated acts like this?
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
A Delhi court has allowed the plea of two family members of former Indian Air Force chief S P Tyagi, accused in the Rs 3600 crore VVIP helicopter deal scam, to defreeze their bank accounts subject to certain conditions.
'Once Attenborough had locked the shot, Jaffrey turned to Amitabh and told him in a very controlled but stern voice that he should never talk to an actor in between takes.'
India's squash players wrapped up a historic performance at the Asian Games, clinching an unprecedented men's team gold after the women's side settled for its first ever silver in Incheon on Saturday.
India's squash players wrapped up a historic performance at the Asian Games, clinching an unprecedented men's team gold after the women's side settled for its first ever silver in Incheon on Saturday.
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