Economic Times (@EconomicTimes) Tweeted:
Co-opted Co-operatives! The biggest lessons for India from the PMC Bank fiasco ( )
Co-opted Co-operatives! The biggest lessons for India from the PMC Bank fiasco ( )
Fight Against Corruption- Discussion
- Thread starter Marqueur
- Start date
Kumar Sambhav Shrivastava (@Kum_Sambhav) Tweeted:
Thread: Friends, I have a short story to tell. About the functioning of the Indian Judiciary. It has characters, plots and subplots. Also a climax. Stay with me till the end. (1/n) ( )
Very interesting thread. Do read till the end.
Thread: Friends, I have a short story to tell. About the functioning of the Indian Judiciary. It has characters, plots and subplots. Also a climax. Stay with me till the end. (1/n) ( )
Very interesting thread. Do read till the end.
I would like government to bring MEA under scanner. This is one of the Ministries which has its own cadre and I have never seen or heard in news that any foreign service officer being given pink slip or dismissed due to irregularities. Although there is more opportunity of doing corruption without getting caught because the evidence stays outside India.
ED arrests Robert Vadra’s close aide Thampi in PMLA case linked to property deals
The ED has arrested CC Thampi under the anti-money laundering law, officials said on Monday.
By Munish Pandey
New Delhi
January 20, 2020; 12:17 IST
CC Thampi was summoned in the past for questioning on his alleged links with Robert Vadra, son-in-law of Congress President Sonia Gandhi. (File Photo)
The Enforcement Directorate has arrested NRI businessman CC Thampi, in connection with a money laundering case, officials said on Monday.
Thampi is being probed for alleged forex violations of over Rs 1,000 crore and other charges.
Thampi, a Dubai-based NRI is controller of Skylight Investments, FZE, Dubai and owner of Holiday Group. According to the ED, in 2009, Sanjay Bhandari's firm Santech FZE purchased 12 Bryanston Square property for 1.9 million pound sterling from a private holding called Vortex. As soon the property was sold, all shares of Vortex were purchased by Skylight Investments, Dubai.
Thampi is also being investigated and was earlier quizzed by the ED in Gurugram land scam.
Sources in the ED claimed that the agency came across several properties, including a property worth 1.9 million pounds, another property worth 4 million pounds, one more property worth 5 million pounds and six other flats. These properties are in London and the agency suspects it may be associated with Vadra. Total worth of properties is over 12 million pounds.
Accoridng to ED sources, London properties are part of kickbacks received in a petroleum deal.
During questioning last year, when Robert Vadra was asked how he knew CC Thampi, he said in a February 6, 2019 statement that he had met him onboard an Emirates flight.
CC Thampi's statement from April 6, 2017, however, stated that he met with Robert Vadra through Madhavan, who was the personal assistant of Congress leader Sonia Gandhi.
The contradiction in the statements is being used as evidence by the ED. Thampi allegedly helped Robert Vadra in routing money through a channel of shell companies.
ED arrests Robert Vadra’s close aide Thampi in PMLA case linked to property deals
Being an IAS or IPS or IRS is a big headache. Join IFS stay out of the country, enjoy all facilities given by government, adjust bills of over expenditure on facilities still don't get caught.
Bribery case: CBI clears its ex-special director Asthana
Bribery case: CBI clears its ex-special director Asthana | India News - Times of India
Bribery case: CBI clears its ex-special director Asthana | India News - Times of India
Vijay Mallya appeals before UK High Court against extradition to India
Indian businessman Vijay Mallya launched an appeal in Britain's High Court on Tuesday against a 2018 decision to extradite him to India to face fraud charges resulting from the collapse of his defunct company Kingfisher Airlines.
India wants to bring back Mallya, 64, whose business interests have ranged from aviation to liquor, over $1.4 billion in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying.
Mallya's lawyer, Clare Montgomery, said that the 2018 extradition ruling by Judge Emma Arbuthnot had "multiple errors" because she did not take into account all the evidence about the financial status of Kingfisher Airlines.
"This is not a Ponzi scheme - this is an airline," Montgomery said. "Her assumption that she has an accurate evidential picture... is simply false.
In her 2018 judgement, Arbuthnot said that Indian banking officials might have been in "the thrall of this glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy who charmed and cajoled" them into ignoring their own rules and regulations.
Mallya was nicknamed "the King of Good Times" after the slogan of one of his premium beers and his hard-partying lifestyle.
Montgomery sought to counter this image, saying that in seeking the loan to rescue his struggling airline he was not trying to "make a quick buck" and that the collapse was an ordinary business failure.
"Dr Mallya is not a fly-by-night figure," she said.
Mallya, who denies the charges against him and is currently on bail, sat with the public in the courtroom to watch the appeal, which is expected to last two days.
His extradition would be a huge win for Indian Prime Minister Narendra Modi, who has faced pressure from political opponents to bring to justice several people who have fled India in recent years to escape prosecution, many for loan defaults.
In 2018, Arbuthnot rejected Mallya's argument that the case was motivated by political considerations, that he would not receive a fair trial in India and that extradition would infringe his human rights.
Vijay Mallya appeals before UK High Court against extradition to India
Indian businessman Vijay Mallya launched an appeal in Britain's High Court on Tuesday against a 2018 decision to extradite him to India to face fraud charges resulting from the collapse of his defunct company Kingfisher Airlines.
India wants to bring back Mallya, 64, whose business interests have ranged from aviation to liquor, over $1.4 billion in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying.
Mallya's lawyer, Clare Montgomery, said that the 2018 extradition ruling by Judge Emma Arbuthnot had "multiple errors" because she did not take into account all the evidence about the financial status of Kingfisher Airlines.
"This is not a Ponzi scheme - this is an airline," Montgomery said. "Her assumption that she has an accurate evidential picture... is simply false.
In her 2018 judgement, Arbuthnot said that Indian banking officials might have been in "the thrall of this glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy who charmed and cajoled" them into ignoring their own rules and regulations.
Mallya was nicknamed "the King of Good Times" after the slogan of one of his premium beers and his hard-partying lifestyle.
Montgomery sought to counter this image, saying that in seeking the loan to rescue his struggling airline he was not trying to "make a quick buck" and that the collapse was an ordinary business failure.
"Dr Mallya is not a fly-by-night figure," she said.
Mallya, who denies the charges against him and is currently on bail, sat with the public in the courtroom to watch the appeal, which is expected to last two days.
His extradition would be a huge win for Indian Prime Minister Narendra Modi, who has faced pressure from political opponents to bring to justice several people who have fled India in recent years to escape prosecution, many for loan defaults.
In 2018, Arbuthnot rejected Mallya's argument that the case was motivated by political considerations, that he would not receive a fair trial in India and that extradition would infringe his human rights.
Vijay Mallya appeals before UK High Court against extradition to India