Citizens' Issues
Central Bank official, Jain Infraprojects booked by CBI in Rs200 crore fraud
The CBI on Tuesday registered a case against a former official of a nationalised bank and three directors of a city-based firm for allegedly defrauding the bank for over Rs. 200 crore, an official said.
 
The cases were registered against a former deputy general manager of Central Bank of India and three directors of Jain Infraprojects Ltd - M.K. Jain, Rekha Jain and Sunil Kumar Dangi.
 
"The accused entered into a criminal conspiracy with each other and allegedly diverted bank funds illegally for a purpose other than for what they had been sanctioned. An alleged loss of Rs.212.30 crores was caused to the bank," said a CBI official.
 
The agency also conducted searches at five places in Kolkata and one place in Allahabad at the residence and office premises of the accused and seized several incriminating documents.
 
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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HC asks man not to use sites created in Tata group chairman's name

The Delhi High Court has restrained a man from using the websites he created in the name of Tata Group chairman Cyrus Pallonji Mistry and also imposed a punitive cost of Rs. 5 lakh on him.

 
Justice Manmohan Singh said the sites -- www.cyrusmistry.co.uk and www.cyrusmistry.co -- created by the private person are "blatantly and illegally capitalizing on the strength of use of the well known personal" name of Mistry for the purposes of making "illegal profit and gain".
 
It directed the person, Aniket Sigh, to transfer the sites in favour of Mistry, and the punitive costs of Rs. 5 lakh on him were to be deposited with the Delhi High Court Library Fund.
 
"The loss and damage incurred by the plaintiffs (Tata and Mistry) is also on account of loss of reputation and goodwill of the plaintiffs/its chairman and companies promoted by him in the market. The defendant (Aniket Sigh) is blatantly and illegally capitalizing on the strength of use of the well known personal name of plaintiff 2 i.e Cyrus P Mistry for the purposes of making illegal profit and gain," the court said.
 
"In light of the submissions on merit by passing the decree for permanent injunction, it is also directed that the impugned websites www.cyrusmistry.co.uk and www.cyrusmistry.co are to be transferred in favour of plaintiff No. 2 who is also chairman of plaintiff No. 1 company (Tata)," it added.
 
The court noted that the domain names were created on December 20, 2011, barely a month after Tata group announced that Mistry would be taking over as chairman from December 2012.
 
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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Lok Sabha adjourned amid Congress protests
The Lok Sabha was adjourned for the day on Tuesday due to repeated protests by Congress members following the Delhi High Court summons to Congress leaders Sonia Gandhi and Rahul Gandhi in a case of cheating involving the National Herald.
 
Sonia Gandhi, who was on her seat, was seen gesticulating angrily from a distance to Minister of State for Parliamentary Affairs Rajiv Pratap Rudy, who met members who wanted to discuss the drought situation.
 
As the house resumed its sitting after two adjournments, Deputy Speaker M. Thambidurai said Monday's discussion on the drought would resume. But Congress members trooped near the speaker's podium raising slogans.
 
The noisy protest came a day after the Delhi High Court dismissed the plea of Sonia Gandhi and Rahul Gandhi to quash a trial court's summons to them in the Herald case.
 
The Congress has termed it "petty vendetta politics of the BJP".
 
Rudy said the house and the country wanted to know what was the issue that was agitating Congress members.
 
He said it appears Congress members were upset over an "outside" matter. "The law of land is equal for all." He said the government had no role in the case.
 
Law Minister D.V. Sadanadna Gowda said the conduct of Congress members was "quite undemocratic".
 
The deputy speaker asked Congress leader Mallikarjun Kharge if he wanted to speak. But Kharge refused, saying he had not been allowed to speak in the past.
 
Rudy came up to Telangana Rashtra Samithi member A.P. Ramchandra Reddy and said Telangana had been impacted by drought.
 
A visibly angry Sonia Gandhi was then seen gesticulating to Rudy, seated some distance away from her seat. Rudy had a smile on his face.
 
Rudy then said that Sonia Gandhi appeared to have objections to his talking to members of other parties.
 
Sonia Gandhi also spoke to Trinamool Congress member Sudip Bandyopadhyay.
 
As Congress members did not resume their seats despite repeated pleas, the deputy speaker adjourned the house till 3 p.m.
 
When the house resumed proceedings, Trinamool members joined the protest.
 
As the Congress members continued their protests, the house was adjourned for the day.
 
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

Dinesh Pandita

1 year ago

Oh yes!!! Now we see why India had suddenly become INTOLERANT!!!

In the past Indira Called her self "LAW" and now Sonia is "Daughter- In- LAW"

Hope this "LAW" catches up with them and stays with them for long

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