Citizens' Issues
'Chettinad Cements shares owned by Ramaswamy fraudulently being transferred'
Over 91.83 lakh shares of Chettinad Cements held by industrialist M.A.M. Ramaswamy are fraudulently being transferred to a trust run and administered by industrialist A.C. Muthiah and others, a top official of Chettinad Cements alleged on Wednesday.
 
In a statement issued here late on Wednesday, M.A.M.R. Muthiah, managing director of Chettinad Cements, alleged that A.C. Muthiah and an advocate with the help of a doctor seems to have taken the thumb impression of Ramaswamy, admitted in Fortis Malar Hospital, on blank papers and forms.
 
M.A.M.R. Muthiah said a police complaint has been lodged against A.C. Muthiah and others.
 
"My father is not conscious. He is not in a position to take any decision on his own," M.A.M.R. Muthiah said.
 
"My father is in a critical condition. He is not in position to execute any documents," he told IANS.
 
According to M.A.M.R. Muthiah, it has come to his notice that A.C. Muthiah and others had filled some blank forms and had approached Kotak Securities Ltd. to transfer 91,83,834 shares held in Chettinad Cements held by Ramaswamy to the trust run and administered by them.
 
"It is nearly 23 percent of the stake in Chettinad Cements," M.A.M.R. Muthiah said.
 
Despite several attempts by IANS, A.C. Muthiah was not available for comments.
 
Interestingly, the relationship between M.A.M.R. Muthiah and Ramaswamy soured badly to the extent that the latter disowned the former as his son.
 
M.A.M.R. Muthiah is the adopted son of former Rajya Sabha member Ramaswamy.
 
"I have disowned him and do not wish to call him my son. Whatever the law may be, he is no more my son. According to me, he can be only S. Ayyappan (original name) and not M.A.M.R. Muthiah," Ramaswamy told the media here at his residence in June.
 
According to Ramaswamy, though a substantial part of his properties is with Ayyappan, whatever is remaining should go to two charitable trusts -- Dr. M.A.M. Ramaswamy Chettiar of Chettinad Charitable Trust and Dr. M.A.M. Ramaswamy Chettiar Trust -- in which Ayyappan will have no part to play or have a say.
 
"I have also written and registered a will that all the assets which may be left at the time of my death would go only to the said trusts and not to Ayyappan or M.A.M.R. Muthiah or any one claiming on his behalf or under him," Ramaswamy said.
 
Meanwhile, M.A.M.R. Muthiah said it was difficult to fight a person like A.C. Muthiah and h was trying his best.
 
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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Patanjali says its noodles followed food safety norms
 Baba Ramdev-promoted Patanjali on Wednesday said it has followed all the guidelines and regulations of the Food Safety and Regulatory Authority of India (FSSAI) in the launch of its "atta" instant noodles and other products.
 
"We have followed all rules and guidelines by the FSSAI. We have not disobeyed any of them," said S.K. Tijarawala, spokesperson for Patanjali.
 
"The FSSAI has given us the licence of re-labelling under pasta category and on basis of which we have given contract to various companies to make noodles (for us)," he said in the statement.
 
The remarks come in the wake of a top FSSAI official claiming that Patanjali's instant noodles was launched without its product approval. The authority's chairman Ashish Bahuguna has also been quoted as saying that product approval for pasta cannot apply to noodles.
 
The chairman, however, was not available for comment. Following persistent calls, his office told an IANS correspondent that the chairman "cannot respond to individual queries" and that he had said what he wanted to.
 
The authority did not issue a statement either. But a set of questions was nevertheless forwarded over e-mail to the chairman's office on the subject.
 
Tijarawala said Patanjali had taken a product licence for pasta under the "central category" and that noodles, accordingly, fell under that.
 
Forwarding some documents to IANS purportedly from the food safety authority Tijarawala alluded that by virtue of Licence Number 10014012000266, renewed on October 15 this year and valid till February 21, 2019, a "modified licence" was also issued.
 
He said the pasta sold by Patanjali has already secured the modified licence; this also gave it the right to manufacture noodles as it was only a variant.
 
Patanjali had formally launched its wholewheat instant noodles on Monday.
 
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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No more 'Dr' for Punjab officers
Taking serious note of officers from the agriculture, horticulture and water and soil conservation departments calling themselves 'Doctor', the Punjab government has made it clear that officers who do not have the requisite qualification will not be allowed to use the prefix Dr to their names.
 
"The Punjab government has taken strong notice of some officers prefixing the word 'Doctor' with their names without possessing the appropriate qualification or degree," a spokesman said here on Wednesday.
 
He said the practice was prevalent mostly in the department of agriculture and horticulture.
 
"Only a person holding a Ph.D. degree or a degree in medicine is authorised to use the word 'Doctor'. Others are not allowed to use the same," said the spokesman, quoting government instructions.
 
He said the government has issued strict instructions to the heads of the agriculture, horticulture and water and soil conservation departments to stop this "illegal practice" immediately.
 
Disciplinary action would be initiated against officers using the prefix 'Doctor' without holding the appropriate degree.
 
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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