Regulations
Adarsh scam: HC orders deep probe into 'benami' flats
Expressing dissatisfaction with a Central Bureau of Investigation report on its probe into 'benami' flats in the controversial Adarsh Society, the Bombay High Court on Wednesday directed the agency to probe it further.
 
After going through the CBI report, a division bench comprising Justice A.S. Oka and Justice A.A. Sayed said it was "not satisfied" and asked the agency to probe the matter further and file its report by December 16.
 
Earlier on September 2, when CBI submitted its report, the court refused to accept it saying that the agency had not applied its mind with respect to several issues raised in a public interest litigation against the society.
 
Activist Pravin Wategaonkar, who had filed the PIL, alleged that senior bureaucrats and politicians owned 'benami' flats in the Adarsh Soceity as a 'quid pro quo' for clearing files of the society in violation of norms.
 
He had even demanded that the Maharashtra government reveal the names of two top officials who had dealt with the Adarsh Society files at the relevant period and allegedly were allotted 'benami' flats.
 
Wategaonkar pointed out that during the initial stages of the probe, the CBI had arrested one of the promoters of the society in 2011, Kanhaiyalal Gidwani, and sought his custody as he held 'benami' flats for two politicians.
 
Gidwani and his family owned a total of 10 flats in the society and the sources of funding or their real ownership was still unclear, the PIL said.
 
One of the prime accused in the scam, Gidwani died of a heart attack in November 2012.
 
In his PIL, Wategaonkar said the CBI has not named the two politicians owning two each of these 'benami' flats either in the chargesheet or anywhere else during the probe.
 
He sought the court's direction to the CBI to either produce any documents or police reports, or carry out an independent probe on these missing names.
 
The court had directed the CBI to probe the matter of 'benami' flats further and submit a fresh report on this particular aspect by December 16.
 
The Adarsh Cooperative Housing Society scam was first unearthed in November 2010 and involved grabbing of flats cheap in the upmarket Colaba area which were meant to house Kargil war heroes and war widows.
 
Originally intended to be a six-storied building, it was subsequently converted into a 100-metres tall, 31-storied structure with politicians, bureaucrats and army officers who allegedly conspired among themselves to get the cheap flats.
 
Last April, the Bombay High Court had ordered the Union Ministry of Environment and Forests to demolish the building - which is unoccupied since the scam broke out - and initiate criminal proceedings against the accused.
 
Later in July, the Supreme Court stayed the BHC order and directed the Centre to take possession of the building.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

D S Ranga Rao

5 months ago

If the CBI is afraid of naming anybody from the incumbent establishment, it is understandable. But how and why it should fear the previous establishment?
Is there any tacit understanding between the big and mighty of various hues of the Adarsh scam to keep the ''caged parrot'' in the 'cage' itself forever?

Three share Nobel Prize in Chemistry
Chemists Jean-Pierre Sauvage of France, Scotland's Sir J. Fraser Stoddart and Dutch Bernard L. Feringa on Wednesday won the Nobel Prize in Chemistry for their work on molecular machines.
 
The Royal Swedish Academy of Sciences awarded the prize jointly to Sauvage who works at Strasbourg University, Stoddart from the Northwestern University in the US and Feringa from Royal Netherlands Academy of Sciences "for the design and synthesis of molecular machines".
 
A statement on the official website of the Nobel Prize said the trio worked on molecular machines -- controllable, nanometre-sized structures that can convert chemical energy into mechanical force and motion.
 
They have developed molecules with controllable movements, which can perform a task when energy is added, it said.
 
The 2016 Nobel Laureates in Chemistry have miniaturised machines and taken chemistry to a new dimension, the statement said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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Reliance Infrastructure to sell transmission business
Anil Ambani-led Reliance Infrastructure on Wednesday said it is selling its entire transmission assets to Adani Transmission. The deal size was not divulged, but banking sources estimated it at over Rs 2,000 crore.
 
Reliance Infrastructure owns the country's first 100 per cent private sector transmission project -- the Western Region System Strengthening Scheme -- in Maharashtra, Gujarat, Madhya Pradesh and Karnataka. 
 
Reliance Infrastructure also owns 74 per cent in Parbati Koldam Transmission located in Himachal Pradesh and Punjab in a joint venture with Power Grid Corp. All three transmission projects have been completed and are revenue-generating, the company said in a statement.
 
"The entire sale proceeds from the transaction will be utilized for debt reduction," the company said, adding that SBI Capital Markets is their financial advisor for the transaction.
 
"The transaction is in line with the strategic plan of monetizing non-core business and focus on growth areas like defence and engineering, procurement and construction business." The cement business has been monetised and that of roads and Mumbai power are in advanced stages.
 
Reliance Infrastructure is one of India's largest companies in the sector, developing projects through various special purpose vehicles in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.
 
It is also a leading utility company having a presence across the value chain of power businesses
-- generation, transmission, distribution and power trading. Its portfolio includes a metro rail project in Mumbai, and 11 road projects of 1,000 kms. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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