MLM / Chain Money
CBI raids 10 places in chit fund scam
The CBI on Tuesday searched 10 locations in Delhi, Odisha, Assam and West Bengal against private company Tower Infotech Group in its ongoing probe in the multi-crore-rupee chit fund scam.
 
The places raided by the probe agency include one each in Delhi, Odisha and Assam, while the rest seven were in Bengal.
 
Sources in the Central Bureau of Investigation (CBI) said the raids were conducted at the residences of managing director Ramendu Chattopadhyay, directors Udyan Banarjee and R.K. Basu and offices of the company.
 
A total of 246 cases have been registered by the CBI against 128 companies, including Saradha Group, Rose Valley, Unipay 2 U, Jeevan Suraksha, Prayag, Abyss Assam Group Co, Basil International Limited and Daffodils Group of Companies.
 
At present, the chit fund cases are spread in various trial courts across Bengal and the CBI wants three special courts in Kolkata to deal with them.
 
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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SC allows 2G accused to move Delhi High Court
Modifying its earlier order, the Supreme Court on Tuesday allowed the accused in 2G cases to approach the Delhi High Court to appeal against the final order of the special court holding the trial of 2G scam-related cases.
 
An apex court bench of Chief Justice H.L. Dattu, Justice A.K. Sikri and Justice Rohinton F. Nariman, while permitting the accused in 2G cases to move the high court, made it clear that the high court will not entertain any appeal against the interim order passed by the 2G special court.
 
The court order came as it rejected the plea by DMK leader and Rajya Sabha member Kanimozh Karunanidhi and corporate honcho Shahid Balwa seeking the quashing of charges against them in an alleged bribe-turned-corporate loan matter.
 
By Tuesday's order, the court has modified its February 14, 2011 and April 10, 2011 order saying that any appeal against the order of the trial court could only be made before the apex court thereby barring the high court from entertaining any matter relating to the 2G scam.
 
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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Uber driver gets life term for rape
Uber cab driver Shiv Kumar Yadav who raped a woman executive on December 5 last year was awarded life imprisonment till death by a court here on Tuesday.
 
Additional Sessions Judge Kaveri Baweja pronounced the order.
 
Yadav was convicted last month on charges of rape, causing grievous bodily harm and endangering the life of the woman, and other charges dealing with kidnapping, criminal intimidation and voluntarily causing hurt.
 
On the night of December 5, the woman hired the cab to head back home in north Delhi's Inderlok area. Police said Yadav drove the woman to an isolated place and raped her.
 
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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